Press Release

Kirkland Represents Butterfly on 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. The closing of the transaction is subject to regulatory approvals and customary closing conditions and is expected to occur in summer 2019. 

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The Kirkland team was led by transactional partners Sean Rodgers 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.