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September 08, 2008

New Era in Litigation? Bankrupt US Retailer Charges PE Funds with Asset Stripping

Litigation has proliferated since the onset of the credit crisis, with buyout funds, banks and target companies engaging in a spiral of lawsuits and counter lawsuits over collapsing deals and termination fees.

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June 26, 2008

Slash and Burn Sun Capital Extends Reach in Produce, Coffee, Restaurants

Private equity fund Sun Capital Partners on June 24 acquired Sunrise Growers-Frozsun Foods, the largest US producer of frozen strawberries and a leading distributor of fresh strawberries and other produce.

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January 15, 2008

Kraft Spinoff CanGro Continues to Shrink Jobs Through Closures, Outsourcing

Three days before Kraft announced, on January 30, 2006, the elimination of 8,000 jobs worldwide as part of a new "growth" strategy, a deal was sealed for the sale of five of its Canadian brands and manufacturing sites to two private equity partners, Sun Capital and EG Capital Group, operating as CanGro Foods.

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