Group led by KKR buys Del Monte Foods
A group led by KKR American, one of the largest asset managers in the world, agreed on Thursday to acquire Del Monte Foods Co., also based company and producer of feed for small animals, and fruits and other vegetables.
In a statement, Del Monte said the transaction went for $ 4 billion, including debt, according to the same source. KKR and its partner in business - Vespar Capital Partners and Centerview Partners - will pay $ 19 per share in cash and will assume about $ 1.3 billion in debt of the acquired company.
Marcia Mogelonsky, analyst at Chicago-based Mintel International, said that despite the historical success of the Del Monte fruit and other vegetable markets, the crisis the company was born precisely on that front, hampered by the global financial crisis. Thus, he said, buyers are more aware of the potential for growth in the feed pets segment - "the recession seems to have been kinder to dogs and cats" - than in the impaired area.
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A group led by KKR American, one of the largest asset managers in the world, agreed on Thursday to acquire Del Monte Foods Co., also based company and producer of feed for small animals, and fruits and other vegetables.
In a statement, Del Monte said the transaction went for $ 4 billion, including debt, according to the same source. KKR and its partner in business - Vespar Capital Partners and Centerview Partners - will pay $ 19 per share in cash and will assume about $ 1.3 billion in debt of the acquired company.
Marcia Mogelonsky, analyst at Chicago-based Mintel International, said that despite the historical success of the Del Monte fruit and other vegetable markets, the crisis the company was born precisely on that front, hampered by the global financial crisis. Thus, he said, buyers are more aware of the potential for growth in the feed pets segment - "the recession seems to have been kinder to dogs and cats" - than in the impaired area.
Website
You may use HTML tags and attributes These: <a href="" title=""> <abbr title = ""> <acronym title = ""> <b> <blockquote cite = ""> <cite> <code> <del datetime = ""> <em> <i> <q cite = ""> <strike> <strong>
Categories of Funding Resources Mergers wic texas classes and Acquisitions IPO General Posts Latest Telecom Italia TIM would be evaluating the $ 12 billion Eike Batista sells stake in Ideiasnet for Opus Chrysler CEO says IPO is not the best way to invest Samsung seeks acquisitions to strengthen in Yoox search software to make acquisitions Archives October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August wic texas classes 2010 Articles Corporations that choose foreign subsidiary have new profile Despite the caution, companies are optimistic Enterprises will keep opting for fixed income next year meager growth of the economy: some reasons just discussed. Operational efficiency should serve the strategy, not the opposite. wic texas classes
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