Los Angeles, CA (PRWEB) July 08, 2011
The sale of Contessa Premium Foods Inc. for $51 million to an affiliate of Sun Capital Partners, Inc. was approved on June 29, 2011, by the United States Bankruptcy Court for the Central District of California after a spirited auction. Contessa, a globally recognized frozen-food supplier, filed for bankruptcy protection in January 2011. The transaction is expected to close mid-July. Los Angeles-based law firm Rutter Hobbs & Davidoff represented Contessa CEO John Blazevich in the transaction.
“The Rutter Hobbs & Davidoff team proved invaluable to me in the sale process,” said Blazevich.
Attorneys Brian Davidoff, Benjamin Alexander and Nancy Morgan of Rutter Hobbs & Davidoff represented and advised Blazevich through the bankruptcy and final transaction.
Contessa Premium Foods is a leading supplier of premium shrimp, convenience meals, stir-fry vegetables and other frozen food products sold in the United States, Canada, Europe, Asia and Mexico. It is one of the top-selling supermarket brands in the United States. In 2007, the San Pedro, Calif.-based company opened the world’s first “green” frozen-food manufacturing plant in Los Angeles. Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments and has significant prior experience in the food, food service and seafood sectors.
About Rutter Hobbs & Davidoff
Los Angeles-based Rutter Hobbs & Davidoff is a full-service law firm founded in 1973. The firm’s seasoned attorneys represent middle market companies, early stage entities, large corporations and individuals in matters involving business litigation and dispute resolution; corporate and securities; bankruptcy, reorganization and capital recovery; estate planning and trust litigation; advertising, media and intellectual property; labor and employment; and, real estate. The firm's diverse team of attorneys and experienced, tenured staff collaborates to deliver consistently excellent service in a timely and cost-effective manner. For more information, please visit http://www.rutterhobbs.com.