Pinnacle Foods Acquires TSG-Backed Garden Protein International
Ropes & Gray advised TSG Consumer Partners, its portfolio company, Garden Protein International, and Garden Protein’s founder, Yves Potvin, in the sale of Garden Protein to Pinnacle Foods Inc. for CAD$175 million. Canada-based Garden Protein is the manufacturer of the plant-based protein brand gardien™, which serves as the basis for a market-leading line of frozen animal alternative products. The transaction was announced Nov. 14.
The Ropes & Gray team was led by private equity partner Paul Van Houten and included tax partner David Saltzman, private equity associates Charles Boer, Marc Migliazzo and Stephanie Lapidus, and corporate associate Nicholas Cassidy.