A&B Expands Relationship with Post Foods
Aird & Berlis LLP has been able to maintain and expand its relationship with Post Foods. In addition to assisting Ralcorp in buying Post Foods and later spinning it out to Ralcorp shareholders, we recently worked on the following transactions:
Transaction 1: In Q3, 2013, we acted for Post in the unsuccessful $200 million acquisition of a Canadian entity; and
Transaction 2: In Q4, 2013, we acted for Post when it agreed to buy Golden Boy Foods Ltd. from affiliates of private equity firm Tricor Pacific Capital Inc. and other shareholders for $320 million. This transaction closed in early 2014.
These were cross-border transactions: the buyer was American and the target was a Canadian entity with American operations. Immediately after closing, the target’s American assets were moved to American ownership so that the circumstance of an American entity owning a Canadian entity that owned an American entity was avoided. The transactions were completed on February 1, 2014.
The Aird & Berlis LLP team was led by Martin Kovnats and included:
Transaction 1: Peter Czegledy (Corporate/Commercial), Rebecca Kacaba, Jeffrey Merk, Andrew Magnus, Jennifer Wainwright and Matthew Liberatore (Corporate Finance and M&A), Scott Stoll (Environmental), Derek McCallum and Norman Kahn (Real Estate), John Longo and Barbra Miller (Employment and Benefits), and Francesco Gucciardo and Barbara Worndl (Tax).
Transaction 2: Peter Czegledy and Andrew Magnus (Corporate Finance and M&A), Barbara Worndl and Andrew Nicholls (Tax), Don Johnston (Export Quotas), Louis Amato-Gauci (Customs & Excise), Barbra Miller and John Longo (Employment and Benefits), William VanderBurgh (Regulatory), Paige Backman (Privacy), Scott Stoll (Environmental) and Derek McCallum (Real Estate and Leasing).