Kirkland & Ellis Guides PE-Owned Grocer's $230M IPO

Law360, New York (December 5, 2011, 3:16 PM EST) -- Chicago-based private equity firm Willis Stein & Partners LLC is taking Roundy's, owner of Wisconsin's top grocery chain, public in a planned $230 million initial stock offering, according to regulatory filings lodged Monday.

Roundy's Parent Company Inc. said it would use the proceeds to pay down $876 million in debt, according to a preliminary prospectus filed with the U.S. Securities & Exchange Commission. The number of shares to be offered, the price and the preferred stock exchange have not yet been determined.

Willis Stein, a mid-sized...
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