Transaction Overview:
Trinity Capital LLC served as co- financial advisor in the sale of Farmland Foods to Smithfield. Initially, the parent company hired Trinity as its exclusive advisor in connection with a re-capitalization of the Company’s protein assets (pork and beef) after the parent had commenced a voluntary chapter 11 proceeding. The prospect of the re-capitalization created the leverage necessary in the sale process to force a competitor to raise its bid by more than $100 million. Trinity’s innovative re-capitalization plan drove the broker process and, ultimately, generated proceeds for creditors significantly greater than anticipated. |
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