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 and private equity associates Charles Boer, Marc Migliazzo and Stephanie Lapidus.