Bain Capital’s Acquisition Of Majority Stake In Imperial Dade

Harris Williams and Ropes & Gray LLP advised Imperial Dade in the transaction. Kirkland & Ellis and PwC advised Bain Capital Private Equity.

Imperial Dade, a leading distributor of disposable food service and janitorial supplies in the U.S., Puerto Rico and the Caribbean, agreed for Bain Capital Private Equity to acquire a majority stake in the company. Financial terms of the private transaction were not disclosed.

Founded in 1935, Imperial Dade serves more than 40,000 customers through a footprint of 27 branches operating in 13 states, and has a growing a network of strategically located distribution centers with over 620 fleet vehicles.

Harris Williams served as M&A advisor, and Ropes & Gray LLP served as legal advisor to Imperial Dade. Credit Suisse, Barclays, and Goldman Sachs & Co. served as financial advisors, Kirkland & Ellis served as legal counsel, and PwC as accounting advisor to Bain Capital Private Equity.

Kirkland team advised Bain Capital, the team was led by transactional partners Chris Thomas (Picture) and Neal Reenan and associate Dena Medford, and debt finance partners Michelle Kilkenney and Katie Bolanowski and associate Matthew Leist.

The Harris Williams team advised Imperial Dade was led by Bob Baltimore and Graham Gillam of Harris Williams’ Specialty Distribution Group and Anthony Basmajian of the firm’s Richmond office.

The Ropes & Gray team was led by private equity partner Kendrick Chow and private equity associates Alexander Boer, Benjamin Dionne and Nicholas Cassidy.

Involved fees earner: Katie Bolanowski – Kirkland & Ellis; Michelle Kilkenney – Kirkland & Ellis; Matthew Leist – Kirkland & Ellis; Dena Medford – Kirkland & Ellis; Neal Reenan – Kirkland & Ellis; Christopher Thomas – Kirkland & Ellis; Alexander Boer – Ropes & Gray; Nicholas Cassidy – Ropes & Gray; Kendrick Chow – Ropes & Gray; Benjamin Dionne – Ropes & Gray;

Law Firms: Kirkland & Ellis; Ropes & Gray;

Clients: Bain Capital Private Equity; Imperial Dade;

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Author: Ambrogio Visconti