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Sitrick & Co. represents Los Angeles-based Butterfly private equity firm as it acquires Bolthouse Farms from Campbell Soup Co.
Founded in 1915, Bolthouse is the leading producer of fresh carrots and enjoys a strong presence in the refrigerated salad dressing category.
The Bakersfield company has access to more than 65K acres of premium growing land, employs 2,200 people and has operations in California, Illinois, Washington and Ontario.
For Butterfly, the deal is part of its “seed to fork” strategy of investing in agriculture/aquaculture production, distribution and foodservice.
Jeff Dunn, Butterfly operating partner, will become Bolthouse CEO, a job that he held from 2008 to 2012 when the company was acquired by Campbell Soup. He left in 2016.
Sitrick’s Anita-Marie Laurie and Terry Fahn represent Butterfly.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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