Kirkland Advises L Catterton and Cholula on $800 Million Sale of Cholula

Kirkland & Ellis represents L Catterton and its portfolio company Cholula in the definitive agreement announced today to sell Cholula, a leading producer and distributor of hot sauce, to McCormick & Company, Incorporated (NYSE: MKC) for $800 million in cash. The transaction is subject to customary closing conditions. Since acquiring Cholula in April 2019, L Catterton established Cholula as a standalone enterprise and transformed the organization, while driving a robust value creation plan that has positioned Cholula for continued growth. 

Read more in L Catterton’s and McCormick’s press releases

The Kirkland team was led by transactional partners Joshua Kogan and Carlo Zenkner.