Goldman Sachs nears $2.5bn exit for Michael Foods


carton-egg2_sqGoldman Sachs is nearing an exit for egg and dairy company Michael Foods to Post Holdings in a $2.5bn deal, Reuters has said.

Post looks set to beat out Tyson Foods and Treehouse Foods, which entered the bidding process earlier this year.

Michael Foods is a food processor and distributor with a focus on egg products, refrigerated grocery and potato products, with net sales exceeding $1.5bn. It was acquired by GS Capital Partners in 2010 in a $1.7bn deal from fellow buyout firm Thomas H Lee Partners

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