Davis Polk Reps Goldman, Vestar In Deal For Hearthside

Law360, New York (March 19, 2014, 1:19 PM EDT) -- Goldman Sachs & Co. and private equity firm Vestar Capital Partners said Wednesday that they will acquire Hearthside Food Solutions LLC, the largest independent bakery and contract food manufacturer in North America, from Chicago-based Wind Point Partners LP in a deal reportedly worth $1 billion.

New York-based Goldman Sachs and Vestar will own equal stakes in the Illinois-based Hearthside, which makes grain-based bars, cookies, crackers, granola, cereals and other snacks marketed under other companies’ brands. The transaction is expected to close in the second quarter this...
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