Kirkland & Ellis represented global private equity firm L Catterton in its joint sale with the Lang family of Ainsworth Pet Nutrition to The J.M. Smucker Company (NYSE: SJM) for $1.9 billion. The transaction is subject to customary closing conditions including receipt of required regulatory approvals. Since investing in Ainsworth in 2014, L Catterton has partnered with the Lang family and management to drive significant growth and value creation through a strategic plan focused on marketing and operational enhancements. Read more about the transaction here.
The Kirkland team was led by corporate partners Joshua Kogan and Andrew Arons, and associates Andrew Kimball and Jeff Zhang.