Ropes & Gray Advises 8th Avenue Food & Provisions in Acquisition by Post Holdings

Ropes & Gray represented 8th Avenue Food & Provisions, Inc., a leading private brand food products manufacturer and seller, in connection with Post Holdings, Inc.’s definitive agreement to acquire all of 8th Avenue’s equity interests not already owned by Post. The acquisition by Post, a consumer packaged goods holding company, will result in the full satisfaction of all funded debt of 8th Avenue through a net payment of approximately $880 million funded through a combination of Post’s cash on hand and borrowings by Post under its existing revolving credit facility. The transaction was announced in a June 3 press release, and is expected to be completed on July 1, 2025, subject to closing conditions.

The Ropes & Gray team included business restructuring partner Ryan Preston Dahl and counsel Stephen Iacovo finance partners Leo Klingbaum and Milap Patel, executive compensation & employee benefits partner Allie Alperovich, tax partner Benjamin Rogers, employment partner Richard Kidd, and regulatory partner Samer Musallam.