Sidley is representing Proven Brands, a portfolio company of Clearlake Capital Group, L.P.’s Better For You Holdings food platform, in its sale for approximately $259 million to Hain Celestial Group, Inc., an organic and natural products company with operations in North America, Europe, Asia, and the Middle East. The Proven Brands platform is behind the ParmCrisps and Thinsters brands of baked snacks. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close by the end of the year. Clearlake acquired Proven Brands in 2014 and subsequently completed the successful acquisition of Kitchen Table Bakers, the makers of ParmCrisps, in 2016.
The Sidley team is led by Mehdi Khodadad and Scott Parel (M&A and Private Equity) and includes Jocelyne Kelly, Rebekah Maloney, and Claire Grace (M&A and Private Equity); Eric Kauffman and Emily Wajert (Employment); Stacy Crosnicker and Sarah Recktenwald (Employee Benefits and Executive Compensation); Kyle Barnett and Amisha Gandhi (Technology and IP Transactions); Rachel Kleinberg and Jonathan Westreich (Tax); Karen Kazmerzak, Elizabeth Chen, and Amanda Norton (Antitrust/Competition); Diane McEnroe and Susan Stolzer (FDA Regulatory); Elizabeth McCloy (Real Estate); and Sujit Raman and Stephen McInerney (Privacy and Cybersecurity)
