Ropes & Gray Advises Sara Lee Frozen Bakery in its Acquisition of Cyrus O’Leary’s Pies
Ropes & Gray advised Sara Lee Frozen Bakery, a portfolio company of Kohlberg & Co., in connection with its acquisition of Cyrus O’Leary’s Pies. Financial terms weren’t disclosed. The deal was announced on Feb. 24. The press release is here.
Cyrus O’Leary’s Pies, based in Spokane, Washington, began as a landmark restaurant in 1981 and has grown into a nationally-distributed gourmet pie brand. Sara Lee Frozen Bakery is a leading maker of frozen bakery and dessert products headquartered in the Chicago suburb of Oakbrook Terrace with bakeries in Massachusetts, Michigan and North Carolina. The company’s premier brands include Sara Lee®, Van’s®, Chef Pierre® and Bistro® Collection and Superior on Main®.
The Ropes & Gray team that advised Sara Lee Frozen Bakery was led by private equity partner Christopher Rile (New York), and included finance partner Steven Rutkovsky (New York), tax partner Pamela Glazier, benefits partner Jennifer Rikoski, real estate partner Peter Alpert (all of Boston) and life sciences & regulatory compliance partner Albert Cacozza (Washington D.C.).