Case File
efta-02434622DOJ Data Set 11OtherEFTA02434622
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DOJ Data Set 11
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efta-02434622
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1
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0
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To:
Jeffrey Epstein(jeevacation©gmail.comj
From:
David Stem
Sent
Wed 12/9/2009 12:33:35 PM
Subject Article Dec 9: Lion Capital
Lion Capital looks for buyers to get teeth into Kettle Foods
09 Dec 2009. Source: AltAssets
Consumer-sector focused private equity firm Lion Capital is looking to sell potato crisps maker
Kettle Foods for around $700m, according to a Reuters report.
Interested panics arc reported to be PepsiCo Inc's Frito-Lay and pretzel maker Snyder's of
Hanover Inc.
Kettle Foods is known for its brand Kettle Chips, which is sold in the US and UK. According to
Lion's website, Kettle employs approximately 730 people and in 2008 generated sales of $235m.
Lion Capital, which acquired Kettle Foods in September 2006 for around $300m, also counts
Japanese restaurant chain Wagamama and breakfast cereal brand Weetabix in its portfolio.
The firm had an interest in Orangina Schweppes, which was sold with Blackstone to Japanese
brewer Suntory Holdings for around $3bn last month.
Lion Capital hit the headlines in June after Theo Paphitis, a star of the BBC's entrepreneur-
focused TV show Dragons' Den, quit lingerie retailer and Lion portfolio company La Senza's
board of directors after falling out with the private equity firm.
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