Davis Polk is advising Hearthside Food Solutions LLC, Goldman Sachs’s merchant banking division and Vestar Capital Partners in connection with the sale of Hearthside to Partners Group and Charlesbank Capital Partners. Financial terms of the transaction, which is expected to close in the second quarter of 2018, were not disclosed.

Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Vestar Capital Partners is a leading middle-market private equity firm specializing in management buyouts and growth capital investments. Hearthside Food Solutions, headquartered in Downers Grove, Illinois, is the nation’s largest independent bakery and a full-service contract manufacturer of high quality, grain-based food and snack products for some of the world’s leading premier brands.

The Davis Polk corporate team includes partners John D. Amorosi and Harold Birnbaum and associates Caitlin Cunningham, Angela Wen and Dane G. Ferré. Partner Joseph P. Hadley is providing credit advice. Partner Derek Dostal is providing capital markets advice. Partner Veronica M. Wissel is providing executive compensation advice. Partner David H. Schnabel is providing tax advice. Partner Pritesh P. Shah is providing intellectual property and technology advice. All members of the Davis Polk team are based in the New York office.

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