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Gryphon puts trail mix, dried food maker Flagstone up for sale

31 Jan 2014

walnutsPrivate equity house Gryphon Investors has reportedly put trail mix and dried food maker Flagstone up for sale after three years of ownership.

Gryphon pulled a dividend out of the business last summer through a recap which saw Golub Capital and M&T Bank complete a syndication of the loan.

The firm created Flagstone in 2010 by merging Ann’s House of Nuts and Amport Foods.

Gryphon collected $365m for a bridge fund called Gryphon Partners 3.5 in October last year, well above its $250m target.

That fundraise followed a $415m final close for its third buyout fund in 2006 and a $100m bridge vehicle in 2008.

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