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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 business Griffin’s Foods, Reuters reports. The private equity group also appointed UBS and GoldmanSachs to 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 from Danone by paying $320.63 million.
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