GS Capital Partners and Thomas H. Lee Partners to sell Michael Foods for $2.45 bln

Post Holdings said Thursday that it has agreed to buy Elizabeth, NJ-based food products provider Michael Foods from GS Capital Partners, Thomas H. Lee Partners and other owners for $2.45 billion. The deal is expected to close in the second calendar quarter of 2014. Barclays is advising Post on the transaction while BofA Merrill Lynch and Goldman Sachs are advising Michael Foods.

Lauren Koopman

PE Seen Catching Up on Sustainability, Environment

Corporations have led the way in addressing environmental, social and governance issues, but the private equity community is catching up, says Lauren Koopman, a director in the sustainable business solutions team at the global accounting firm PricewaterhouseCoopers.

Need To Sell? Sensus

Need To Sell, a feature in Buyouts magazine, is a mini-profile of a company that, judging by how long its been in its sponsor’s portfolio, should be ripe for a sale and hence a potential deal opportunity. This is an updated version that ran in the Aug. 13 edition. –BV For a sponsor looking to buy […]

USI Insurance Buys Suncoast Insurance

USI Insurance Services, which is backed by GS Capital Partners, has closed its buy of Suncoast Insurance Associates. Financial terms weren’t announced. Tampa, Fla.-based USI provides insurance for design firms in that state. The acquisition is expected to add about $3 million in revenue to USI on an annual basis, a statement says. PRESS RELEASE […]

Linden’s Drayer Sold to GS Capital

Drayer Physical Therapy Institute, a physical rehabilitation business, has been sold to GS Capital Partners. Drayer was a portfolio company of Linden Capital Partners, who backed the company in a 2008 recapitalization along with management. Harris Williams & Co acted as the exclusive financial advisor to Drayer. PRESS RELEASE Harris Williams & Co., a preeminent […]

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