ConAgra Sale of Private Label Unit What’s Wrong w. US Business?

by Broad Street | Published 11/02/2015 | Opinion, Private Equity

After purchasing the private label assets of RalCorp in 2012 for $6.8bn, ConAgra has decided to sell them for $2.7bn to TreeHouse Foods, a publicly-traded company that specializes manufacturing store brands. ConAgra CEO Sean Connolly (who did not mastermind the RalCorp misstep which came on his predecessor’s watch) insists this money-losing move “marks another important milestone […]

Continue reading this post ›

The Restaurant Company You’ve Never Heard Of

by Broad Street | Published 07/08/2015 | Acquisitions, Private Equity, The Restaurant Business

In a move that probably won’t rate a ripple in the news cycle even in the restaurant biz, Sun Capital Partners sold off the fast-casual chain Fazoli’s to another private equity firm, Sentinel Capital Partners. Terms were not released for the 213-unit chain. Known as turnaround specialists, Sun purchased the struggling Fazioli’s in 2006 when […]

Continue reading this post ›

CEO of Chevy’s Parent Co. Steps Down

by Broad Street | Published 07/28/2014 | Private Equity, The Restaurant Business

Last week, the CEO of Real Mex Restaurants, the parent company of Mexican chain Chevy’s, stepped down after 18 months on the firing line after the company exited bankruptcy protection and the acquisition by two private equity firms, Z Capital Partners LLC and Tennenbaum Capital Partners LLC. Real Mex operates 117 company-owned stores (an anomaly […]

Continue reading this post ›

Nestle Dumps Its Juice

by Broad Street | Published 07/10/2014 | Acquisitions, Beverages, Private Equity

Nestle USA has sold its Juicy Juice brand and the Fruitfuls candy business to private equity firm Brynwood Partners VII L.P. Nestle licenses its business from its Swiss-based parent company, Nestle SA, so its actions likely reflect US market conditions and not the global picture for juice. Health concerns about the sugars in juice have impacted […]

Continue reading this post ›