KKR to Invest $500 Million in US Foods
04.22.20
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The Firm is representing affiliates of KKR in connection with their agreement to purchase $500 million of Series A Convertible Preferred Stock in US Foods Holding Corp. (“US Foods”) (NYSE: USFD)
US Foods is a leading foodservice distributor and provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. In connection with this transaction, Nate Taylor, Partner and Co-Head of Americas Private Equity at KKR, is expected to join the board of US Foods.
The Simpson Thacher team for this transaction includes Marni Lerner, Johanna Mayer and Nina Bakhtina (M&A); Joseph H. Kaufman (Capital Markets); Joseph Tootle (Tax); Jonathan Lindabury and Mimi Cheng (Derivatives); and Peter Guryan and Kelly Karapetyan (Antitrust).