TITLE

Vestar Exits Birds Eye Foods

AUTHOR(S)
Davis, Avram
PUB. DATE
November 2009
SOURCE
Mergers & Acquisitions Report;11/23/2009, Vol. 22 Issue 47, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that Vestar Capital Partners, a private equity firm based in New York, will exit its frozen-food portfolio company Birds Eye Foods Inc. in a transaction valued at about 1.3 billion U.S. dollars. Pinnacle Foods Group will acquire the frozen-food maker through senior secured credit facilities and senior unsecured bonds from Barclays Capital, Credit Suisse, BofA Merrill Lynch, and Macquarie Capital. In August 2002, Vestar bought a control stake in Birds Eye which recorded about 936 million dollars in annual sales as of June 27, 2009.
ACCESSION #
45439172

 

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