Interstate Bakeries Chapter 11

On September 12, 2008, Ripplewood Holdings L.L.C. announced that one of its affiliates has committed to make an investment of $130 million in Interstate Bakeries Corporation (“IBC”) pursuant to a Chapter 11 reorganization plan. IBC is one of the nation’s largest commercial bakers and distributors of fresh-baked bread and sweet goods. Upon emergence from bankruptcy, IBC will become a private company controlled by Ripplewood.

The lawyers involved in this matter are partner Peter S. Wilson, senior attorney Kimberly A. Grousset and associates Charles Y. Ching and Femi Giwa on corporate matters; associate Robert H. Trust on corporate restructuring matters; partner Michael L. Schler and associate Christopher K. Fargo on tax matters; associate Lynne A. Lacoursiere on executive compensation and benefits matters; and associate Matthew Morreale on environmental matters.