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Stanton PR & Marketing is working with Bain Capital Private Equity as its gobbles up Dessert Holdings in a deal worth $1B.
Based in St. Paul, Dessert Holdings owns three premium brands: Lawler’s Desserts, The Original Cakerie and Atlanta Cheesecake Co. that distribute their products to more than 250 retailers and foodservice clients in the US, Canada, Mexico and Asia.
CEO Paul Lapadat said Bain’s financial clout and business-building expertise will bolster Dessert Holdings as it accelerates its growth in the premium and artisanal desserts categories.
Gryphon Investors of San Francisco has owned Dessert Holdings for the past five years, supporting two add-on acquisitions and a major plant expansion.
Stanton has Charlyn Lusk and Scott Lessne representing Bain, while Lambert & Co.’s Caroline Luz and Jennifer Hurson handle Gryphon.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
