Simpson Thacher is representing Butterfly Equity and Platinum Equity in connection with their entry into a definitive agreement to acquire Rise Baking Company. Financial terms of the transaction were not disclosed. The transaction is expected to close in Q4 2024.
Rise Baking Company, based in Minneapolis, MN, is a North American bakery manufacturer that produces a broad portfolio of products for in-store bakeries and foodservice customers, including leading national grocery chains, convenience stores, QSRs and mass merchandisers.
The Simpson Thacher team includes Marni Lerner, Mark Myott, Jack Traylor and Omar Kanjwal (M&A), Russell Light (Tax), Jeannine McSweeney and Joshua Stephens (Executive Compensation and Benefits), Vanessa Burrows and Jacob Madden (FDA Regulatory), Karen Kazmerzak, Kelly Karapetyan and Daniel Owsley (Antitrust).