Ropes & Gray Advises Partners Group and Charlesbank Capital Partners in Acquisition of Hearthside Food Solutions
Partners Group, a global private markets investment management firm, and Charlesbank Capital Partners have agreed to acquire Hearthside Food Solutions from Goldman Sachs and Vestar Capital Partners. The transaction was announced on April 17, 2018.
Hearthside, headquartered in Downers Grove, Ill., is the largest independent bakery in the United States and produces a broad range of high-quality nutrition bars, cookies, cereals and snacks for some of the world's premier food brands. It operates 25 manufacturing facilities across the United States and Europe and employs around 7,900 people.
The Ropes & Gray team that advised Partners Group was led by private equity partners Bob Rivollier and David Blittner, benefits partner Joshua Lichtenstein and tax partner Adam Greenwood.