US firms win lead roles as Del Monte says yes to $5.3bn leveraged buyout
Gibson Dunn & Crutcher and Simpson Thacher & Bartlett have won lead roles on the $5.3bn (£3.4bn) leveraged buyout (LBO) of Del Monte Foods, reports The Am Law Daily. An investor group led by Kohlberg Kravis Roberts & Co (KKR), Capital Partners and Centerview Partners will pay $19 (£12) per share of Del Monte in cash. The deal - 2010's biggest LBO to date - also includes the assumption of about $1.3bn (£833m) in debt.
Gibson Dunn & Crutcher and Simpson Thacher & Bartlett have won lead roles on the $5.3bn (£3.4bn) leveraged buyout (LBO) of Del Monte Foods, reports The Am Law Daily.
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