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Invesment

Three legislation corporations prep funding in Kevin’s Pure Meals

  • Sheppard Mullin advises Kevin’s Pure Meals
  • TowerBrook Capital Companions faucets long-time adviser Kirkland
  • Hogan Lovells helps repeat consumer NewRoad Capital Companions

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(Reuters) – Wholesome packaged meal firm Kevin’s Pure Meals, suggested by Sheppard, Mullin, Richter & Hampton, has secured an funding for an undisclosed quantity from TowerBrook Capital Companions LP and NewRoad Capital Companions.

Funding corporations TowerBrook and NewRoad are working with Kirkland & Ellis and Hogan Lovells, respectively. Towerbrook and NewRoad injected the capital into Kevin’s as traders look to money in on shoppers’ curiosity in more healthy meals.

Kirkland company associate W. Brian Raftery is heading the crew advising TowerBrook.

The transaction continues TowerBrook’s long-standing relationship with Kirkland. The agency beforehand suggested TowerBrook on its funding in enterprise consulting firm Eisner Advisory Group, in keeping with an August agency press launch.

The Hogan Lovells crew supporting NewRoad is led by company and finance associate Mark Heimlich. Heimlich has represented NewRoad on its investments in bodily remedy companies supplier Bardavon Well being Improvements, freight logistics enterprise Emerge and expertise firm Platform Science.

For TowerBrook and NewRoad’s newest funding, Kevin’s monetary adviser is Wells Fargo Securities LLC.

Launched in 2019, Kevin’s produces refrigerated entrees, sides, sauces and seasonings with out refined sugar or synthetic elements that may be discovered at shops corresponding to Complete Meals, Goal and Large. The corporate relies in Modesto, California.

The funding information follows precisely a month after PepsiCo Inc mentioned that it was promoting juice manufacturers together with Tropicana and Bare to increase its health-focused snacks and zero-calorie beverage choices.

Gibson, Dunn & Crutcher is PepsiCo’s lead counsel on the transaction, with Davis Polk & Wardwell offering tax and antitrust recommendation. Willkie Farr & Gallagher is guiding the client, PAI Companions, whereas Latham & Watkins serves as PAI’s financing counsel.

Learn extra:

Gibson Dunn, Willkie Farr headline PepsiCo’s sale of Tropicana, different manufacturers

Sierra Jackson

Sierra Jackson reviews on authorized issues in main mergers and acquisitions, together with deal work, litigation and regulatory adjustments. Attain her at [email protected]