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Borden Dairy Approved for Sale to Former Dean Foods Chief, KKR

June 26, 2020, 7:59 PM

U.S. Bankruptcy Judge Christopher Sontchi on Friday approved the sale of substantially all of Borden Dairy Co.’s assets to a joint venture between Capitol Peak Partners and KKR & Co., per court papers.

  • Capitol Peak Partners is an investment firm founded in 2017 by Gregg Engles, the long-time chief executive of dairy giant Dean Foods
  • KKR’s credit arm is a current lender to Borden
  • PREVIOUSLY: KKR, Former Dean Foods CEO Said to Win Borden Dairy Auction
  • The case is Borden Dairy Co., 20-10010-CSS, U.S. Bankruptcy Court for the District of Delaware

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