Fried Frank Aids Goldman In $1.7B Michael Foods Buy

Law360, New York (June 29, 2010, 3:49 PM EDT) -- Goldman Sachs Group Inc.’s private equity unit on Tuesday completed its $1.7 billion purchase of Michael Foods Inc., North America’s largest egg producer, from Thomas H. Lee Partners LP.

The deal, announced in May, turns Michael Foods over to the $20.3 billion GS Capital Partners VI fund. THL, which purchased the egg producer in 2003, will retain a 20 percent ownership stake in the company.

"We are excited to continue the company's demonstrated track record of finding profitable growth opportunities,” said Oliver Thym, managing director at...
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