Littlejohn Unloads Thriving Food Unit In Sale To THL

Law360, New York (May 9, 2013, 1:45 PM EDT) -- Private equity firm Littlejohn & Co. LLC is unloading its prepared food unit, CTI Foods Holding Co. LLC, to Thomas H. Lee Partners LP after a three-year ownership run that saw the company swell into a premier provider of foods to major restaurant chains, Littlejohn said Thursday.

Financial terms of the transaction were not disclosed, though reports that surfaced when sale rumors swirled pegged its value as high as $500 million. THL, an affiliate of Goldman Sachs & Co., did not spell out how it planned...
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