Kirkland Advises Fengate on Acquisition of Saco Foods
Kirkland & Ellis counseled Fengate Private Equity, a division of Fengate Asset Management, on its acquisition of Saco Foods Holdings, LLC from Benford Capital Partners. Fengate is partnering with Weathervane Investment Corp. to support continued growth of the company, and is managing this investment on behalf of the LiUNA Pension Fund of Central and Eastern Canada. This acquisition represents the first U.S. platform investment for Fengate Private Equity. The existing management team, led by CEO Tom Walzer, will continue to retain a significant equity interest in the company. Terms of the transaction were not disclosed.
The Kirkland team was led by corporate partners Brittany Sakowitz, Fernanda Langa and Cory Baird and associate Bridget Hamway; debt finance partner Jordan Roberts; tax partner Mark Dundon; executive compensation partners Stephen Jacobson and Jabir Yusoff; employment & labor partner Christie Alcala; and technology & IP transactions partner Daisy Darvall.
