When Stafford began managing the fund in June 2014, it set out with the mission to dispose of non-yielding, higher-risk assets.
Mainland’s founding shareholders will retain a significant shareholding in the business and senior management will remain in their present positions.
Funds associated with Oaktree currently own approximately 42 percent of AdvancePierre's outstanding stock and have agreed to tender those shares pursuant to the agreement.
The investment includes an equity and revenue sharing agreement with a non-profit organization that provides training and support formerly gang members.
A deep-water terminal and storage facilities on the UK’s Isle of Portland are included in the purchase of Mercury Commodities by the CPPIB-affiliate, which has plans to expand those facilities.
The investment, backed by a loan from National Bank of Canada, will help finance Chocmod’s continued growth across North America.
Hong Kong-based Baring Private Equity Asia has sold its 40 percent stake in the company to US packaged goods company Post Holdings.
The Buena Park, California-based company specializes in dry vegetables including bell peppers, tomatoes and squash, also offering a wide selection of fresh fruits to grocers and foodservice providers in the Western US.
The seventh investment from food-focused growth capital provider will support Vital Farms, a producer of “pasture-raised” eggs based in Austin, Texas.
New owners Swander Pace Capital hope to capitalize on increasingly-eclectic consumer tastes.