Vestar Capital Partners Buys Majority Stake in Roland Foods

Vestar Capital Partners has inked an agreement to acquire a majority stake in Roland Foods. No financial terms were disclosed. The deal is expected to close by the end of September. Wells Fargo Securities served as M&A advisor to Vestar in this transaction while Evercore Partners advised Roland Foods. BMO Capital Markets and GE Capital Markets provided the financing for the transaction. And, although Roland Foods' CEO and Chairman Charlie Scheidt will continue, the company does expect that a new CEO will be named next year. Based in New York City, Roland Foods is an importer of specialty food products.

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