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PEP To Sell Griffin’s Foods, Hires Advisers
Pacific Equity Partners is eyeing the sale of its stake in New Zealand snack food business Griffin’s Foods.
Pacific Equity Partners(PEP) is eyeing the sale of its stake in New Zealand snack food businessGriffin’s Foods,Reutersreports. The private equity group also appointedUBSandGoldmanSachsto advise on the potential sale.
The transaction may value the snack food maker at up to $750 million including debt. PEP acquired Griffin’s in 2006 fromDanoneby paying $320.63 million.
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Click here for additional coverage fromNational Business Review.