Kirkland Represents Insignia Capital’s Truco Enterprises in Sale to Utz Brands
Kirkland & Ellis advised Insignia Capital Group and its portfolio company Truco Enterprises, a leading maker of tortilla chips, salsa and queso sold under the ON THE BORDER® brand, in a definitive agreement announced today to sell Truco to Utz Brands, Inc. (NYSE: UTZ), a leading U.S. manufacturer of branded salty snacks, for a total purchase price of $480 million. The transaction is expected to close in December 2020 and is subject to customary closing conditions including the receipt of regulatory approvals.
Read more in Insignia’s press release
The Kirkland team included transactional partners Sanford Perl, Robert Wilson and Melanie Harmon and associate Tyler Mordecai, debt financing partner James Anderson, employee benefits partner Robert Zitko and associate Caitlin Pyrce, executive compensation partner Michael Falk and associate Regina Couto, labor and employment partner Michael Schulman, environmental transactions partner Toby Chun, intellectual property partners Seth Traxler and Daniel Lewis and associate Adine Mitrani, tax partner Kevin Coenen and antitrust and competition partner Carla Hine.
