Simpson Thacher represented Performance Food Group Company (NYSE: PFGC) (the “Company”) in connection with a public offering of common stock by an affiliate of Wellspring Capital Management LLC (the “Selling Stockholder”).
The Selling Stockholder sold 5,000,000 shares of common stock in the offering. The Selling Stockholder received all the net proceeds from the offering.
Barclays Capital Inc. acted as sole underwriter for the offering.
Through its family of leading foodservice distributors – Performance Foodservice, Vistar and PFG Customized – the Company markets and distributes approximately 150,000 food and food-related products from 76 distribution centers to over 150,000 customer locations across the United States. The Company’s 14,000+ associates serve a diverse mix of customers, from independent and chain restaurants to schools, business and industry locations, hospitals, vending distributors, office coffee service distributors, retailers and theaters. The Company sources its products from more than 5,000 suppliers and serves as an important partner to its suppliers by providing them access to the Company’s broad customer base.
The Simpson Thacher team included Matthew Levy, Jonathan Zane and Susan Wang (Capital Markets); Gary Mandel and Drew Purcell (Tax); Greg Grogan, Jeanne Annarumma and Jeannine McSweeney (Executive Compensation and Employee Benefits); and Amanda Weiss (Public Company Advisory Practice).