Pinnacle Foods and Selling Stockholders Complete $204.55 Million Secondary Offering
05.13.15
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The Firm recently represented Pinnacle Foods Inc. (“Pinnacle Foods”) and the selling stockholders, consisting of certain funds affiliated with The Blackstone Group, L.P., in connection with a secondary offering of the remaining 5,000,000 shares of common stock of Pinnacle Foods owned by the selling stockholders for aggregate gross proceeds of approximately $204.55 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 14 major product categories in which Pinnacle Foods compete.
The Simpson Thacher team included Richard Fenyes, Mickey Baden and Nakita Cuttino (Capital Markets); and Gary Mandel and Andrew Purcell (Tax).