On December 15, 2010, Bumble Bee Foods announced the completion of the acquisition by Lion Capital LLP of all assets and operations of Bumble Bee Foods from Centre Partners Management LLC. Cravath represented the underwriters, led by J.P. Morgan Securities, in connection with an offering of US$605 million of senior secured notes, the proceeds of which were used to fund the transaction. The acquisition, valued at $980 million, was made in partnership with members of Bumble Bee’s senior management team.
The Cravath team included partner Eric L. Schiele, senior attorney Mile T. Kurta and associate Thomas H. McElroy. Aaron D. Suh also worked on the offering.