Perishable Pundit
 
  Home | About | Archives | Sponsorship | Contact Us | Submit / Suggest
  Dairy rss  
   
   Chobani Reclaims Control Of Its Finances
by David Gelles, NY Times
Posted: Friday, July 6, 2018 at 4:03PM EDT

The Greek yogurt maker Chobani is parting ways with TPG — the private equity firm that gave the company a financial lifeline in 2014 — and bringing on a new investor, the Healthcare of Ontario Pension Plan.

TPG, which lent Chobani $750 million four years ago through its private equity and credit funds and received warrants that could have converted into a 25 to 35 percent stake in the company, will leave with a handsome profit but no remaining stake in the yogurt maker.

The Healthcare of Ontario Pension Plan (Hoopp Capital Partners) will receive a 20 percent position in Chobani. Financial terms of the deal were not disclosed.

To read the rest of the story, please go to: NY Times


print article
Print Article
send article
Send Article
Respond
Respond
Permalink
Permalink
Share Article
Share Article


Bakery Dairy Deli Floral  Meat & Poultry Produce Seafood Retail & Foodsvc
 Beemster Cheese    NY Produce Show 2018  Fresh Dairy Packaging  Cheese Connoisseur  

mail to friend

Got News? Send your latest press releases and announcements to DairyPR@PerishableNews.com