Davis Polk is advising Goldman Sachs’s merchant banking division and Vestar Capital Partners in connection with the acquisition of Hearthside Food Solutions LLC from Wind Point Partners. Financial terms of the transaction, which is expected to close in the second quarter of 2014, were not disclosed.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Vestar Capital Partners is a leading middle-market private equity firm specializing in management buyouts and growth capital investments. Hearthside Food Solutions, headquartered in Downers Grove, Illinois, is the nation’s largest independent bakery and a full-service contract manufacturer of high quality, grain-based food and snack products for some of the world’s leading premier brands.
The Davis Polk corporate team includes partners John D. Amorosi and Marc O. Williams, and associates Darren M. Schweiger and Rashna Bhojwani. Partner Joseph P. Hadley and associate Yitz Segal are providing credit advice. Partner Jeffrey P. Crandall and associate Veronica M. Wissel are providing executive compensation advice. Partner Kathleen L. Ferrell and counsel Craig A. Phillips are providing tax advice. All members of the Davis Polk team are based in the New York office.