Pacific Equity Partners has commenced the sale process of biscuit and snack food company Griffin’s Foods, The Wall Street Journal reports. The sale is expected to fetch $773.7 million.
The private equity firm hopes to close a deal by the end of 2011. The firm may receive interest from international buyers. Pacific Equity Partners, which acquired Griffin’s in 2006, is being advised by UBS and Goldman Sachs Group on the sale.
Click here for the story from The Wall Street Journal.