The Blackstone Group Buys Into Vistar
Sep 18, 2007

The Blackstone Group has acquired a 67% stake in food distributor Vistar Corp. from Wellspring Capital Management, which will retain a 22% position. Blackstone will invest $100 million, with Wellspring rolling over $33 million in equity. The total deal is valued at $420 million, and was first revealed in a Moody's Investors Service report noticed by The Deal. Earlier this year, Blackstone and Wellspring (plus Bain Capital) teamed up to bid on Royal Ahold's U.S. Foodservice unit, but lost out to a pairing of KKR and Clayton, Dubilier & Rice


<< back to all stories