Pinnacle Foods and Selling Stockholders Complete $531 Million Secondary Offering
03.13.15
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The Firm recently represented Pinnacle Foods Inc. (“Pinnacle Foods”) and the selling stockholders, consisting primarily of certain funds affiliated with The Blackstone Group, L.P., in connection with a secondary offering of 14,324,145 shares of common stock of Pinnacle Foods by the selling stockholders for aggregate gross proceeds of approximately $531 million.
Pinnacle Foods is a leading manufacturer, marketer and distributor of high-quality, branded food products in North America. Pinnacle Foods’ brands are leaders in many of their respective categories, and Pinnacle Foods holds the #1 or #2 market share position in 10 of the 13 major product categories in which Pinnacle Foods compete.
The Simpson Thacher team included Richard Fenyes, Mickey Baden, Kim de Glossop and Brian Novell (Capital Markets); Dov Gottlieb and James Rapp (Public Company Advisory Practice); Gary Mandel and Andrew Purcell (Tax); Jennifer Pepin (Executive Compensation and Employee Benefits); and Jennie Getsin (FINRA).