Butterfly’s $510 Million Acquisition Of Bolthouse Farms From Campbell Soup Company


Kirkland Represents Butterfly on the Acquisition of Bolthouse Farms From Campbell Soup Company for $510 Million.

Kirkland & Ellis advised Butterfly Equity, a Los Angeles-based private equity firm specializing in the food sector, on its definitive agreement to acquire Bolthouse Farms from Campbell Soup Company (NYSE:CPB) for $510 million in cash, subject to customary purchase price adjustments.

Bolthouse Farms is a vertically integrated food and beverage company focused on developing, manufacturing and marketing proprietary, high value-added natural, healthy products.

Butterfly Equity (“Butterfly”) is a Los Angeles, California based private equity firm specializing in the food sector, spanning the entire food value chain from “seed to fork” via four target verticals: agriculture & aquaculture, food & beverage products, food distribution and foodservice.

Butterfly was advised by Kirkland & Ellis on legal matters in connection with the transaction. Campbell Soup Company was advised by Centerview Partners, Goldman Sachs and Weil, Gotshal & Manges LLP.

The Kirkland team was led by transactional partners Sean Rodgers (Picture) and Ravi Agarwal and associate Brooke Coghlan; finance partner Melissa Hutson and associate Ben Steadman; investment funds partners Andrew Wright, David Sherman and Lina Zhou; tax partners Benjamin Schreiner, Ryan Roberts and Dean Shulman; technology & IP transactions partners Seth Traxler and Shellie Freedman; and executive compensation partner Scott Price.

Involved fees earner: Brooke Coghlan – Ashurst; Ravi Agarwal – Kirkland & Ellis; Melissa Hutson – Kirkland & Ellis; Scott Price – Kirkland & Ellis; Ryan Roberts – Kirkland & Ellis; Sean Rodgers – Kirkland & Ellis; Benjamin Schreiner – Kirkland & Ellis; David Sherman – Kirkland & Ellis; Dean Shulman – Kirkland & Ellis; Ben Steadman – Kirkland & Ellis; Seth Traxler – Kirkland & Ellis; Shellie Weisfield Freedman – Kirkland & Ellis; Andrew Wright – Kirkland & Ellis; Lina Zhou – Kirkland & Ellis;

Law Firms: Ashurst; Kirkland & Ellis;

Clients: Butterfly Equity LLC;