Snow phipps grp. llc v. kcake acquisition inc
WebJun 2, 2024 · In Snow Phipps Group, LLC v.KCake Acquisition, Inc., 1 the Delaware Court of Chancery ordered Kohlberg & Co., LLC (Kohlberg) to acquire DecoPac Holdings Inc. (DecoPac), a cake decoration supplier, for $550 million. Although some of this opinion affirms prior Delaware case law, the opinion is notable because newly sworn-in Chancellor … WebApr 30, 2024 · Plaintiff Snow Phipps Group (the “Seller”), a private equity firm that invests in mid-market companies, acquired the Company in 2024. In December 2024, the Seller … Delaware Law Updates. Case summaries are prepared by Potter Anderson … Practices Excellence Across a Broad Spectrum. Clients of Potter Anderson … Potter Anderson Advises Special Committee of Focus Financial Partners in … For press inquiries, please contact: Lauren Kornsey, Manager, Marketing and … Named a 2024 Delaware Powerhouse firm by Law360 “ Founded in 1826, Potter … 1313 North Market Street, 6th Floor. P.O. Box 951. Wilmington, Delaware 19801 1313 North Market Street, 6th Floor. P.O. Box 951. Wilmington, Delaware 19801 Associate applicants, please contact: Kathryn M. DiMartino Chief Legal Talent … Technology and Security. Potter Anderson is proud to be the first major Delaware … NCS Healthcare, Inc., Oracle v. PeopleSoft, and In re Walt Disney Co. Derivative …
Snow phipps grp. llc v. kcake acquisition inc
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WebMay 21, 2024 · On March 6, 2024, DecoPac, a portfolio company of private equity firm Snow Phipps, entered into an agreement to be acquired by an affiliate of private equity firm Kohlberg & Company for $550 million. DecoPac is a supplier of cake-decorating products and ingredients to in-store supermarket bakeries. WebMay 12, 2024 · On April 30, 2024, the Delaware Chancery Court (the “Court”) issued a decision in Snow Phipps Group, LLC v. KCake Acquisition, Inc., ordering an affiliate of private equity buyer Kohlberg & Co. (“Kohlberg”) to acquire cake decoration supplier, DecoPac Holdings Inc. (“DecoPac”), for $550 million.
WebSnow Phipps Group, LLC, et al. v. KCake Acquisition, Inc., et al. Annotate this Case Download PDF Search this Case Google Scholar Google Books Legal Blogs Google Web … WebKCAKE Acquisition, Inc., C.A. No. 2024-0282-KSJM (Del. Ch. April 30, 2024, modified June 2024), the court reviewed a topic of importance in deal litigation and one that has been the subject of many blog posts on these pages: an analysis of when reasonable best efforts or commercially reasonable efforts, which are deemed equivalent standards, have …
WebMay 10, 2024 · KCake Acquisition, Inc. (Del. Ch. April 30, 2024), in ordering specific performance to compel the investment funds of Kohlberg & Company, LLC (the "buyers") to close the $550 million acquisition of DecoPac Holdings Inc. ("DecoPac"), a supplier and marketer of cake decorating products, upon finding that the buyers breached their … WebMay 10, 2024 · On April 30, 2024, the Delaware Chancery Court (the “Court”) issued a decision in Snow Phipps Group, LLC v. KCake Acquisition, Inc., ordering an affiliate of …
WebMar 22, 2024 · The April 30, 2024, Snow Phipps Group LLC v. KCake Acquisition Inc. decision In all three cases, the court has interpreted: "Ordinary course of business" to mean the ordinary course...
WebMar 22, 2024 · Plaintiff Snow Phipps Group, LLC (“Snow Phipps,” and with DecoPac Holdings Inc., “Plaintiffs”) is a private equity firm focused on investments in middle … talk show host emmy winnersWebMay 10, 2024 · KCake Acquisition, Inc., ordering an affiliate of private equity buyer Kohlberg & Co. (“Kohlberg”) to acquire cake decoration supplier, DecoPac Holdings Inc. … two ingredient almond milkWebSNOW PHIPPS GROUP, LLC, and DECOPAC HOLDINGS INC., Plaintiffs-Counterclaim Defendants, v. KCAKE ACQUISITION, INC., KOHLBERG INVESTORS VIII-B, L.P., KOHLBERG … talk show host dog foodWebSep 25, 2024 · Snow Phipps filed its original suit and its motion to expedite on April 14 (the day regulatory approval for the transaction was obtained and—in Snow Phipps’ view—all closing conditions were satisfied). Snow Phipps requested that the court compel specific performance in advance of May 12, the day the debt commitment was set to expire. two in germanyWebApr 21, 2024 · The filing by a group of Kohlberg affiliates came the same day Snow Phipps’ lawsuit against them was made public. The suit, originally filed under seal, asks the Chancery Court to force Kohlberg to close on their acquisition of DecoPac Inc., the world’s top cake decorations supplier. talk show host diedWebAug 26, 2024 · 26 August 2024 In Snow Phipps Group, LLC v. KCAKE Acquisition, Inc. (C.A. No. 2024-0282-KSJM), the Delaware Court of Chancery ordered specific performance of a … talk show host died 2021WebPlaintiff Snow Phipps Group, LLC (“Snow Phipps,” and with DecoPac Holdings Inc., “Plaintiffs”) is a private equity firm focused on investments in middle-market companies. talk show host died 2020