Pinnacle Foods, which is a leading packaged foods company backed by Blackstone, filed on Thursday with the SEC with a proposed deal size of $632.5 million. The company had originally filed with a placeholder of $100 million. Blackstone purchased Pinnacle in 2007 for $1.3 billion in cash, in addition to taking on $900 million in debt. In 2009, Pinnacle Foods bought Birds Eye, a pending IPO at the time, for $1.3 billion.
The Parsippany, NJ-based company, which was founded in 2001, plans to list on the NYSE under the symbol PF. Barclays, BofA Merrill Lynch, Credit Suisse, Goldman Sachs, Morgan Stanley and UBS are the joint bookrunners on the deal. No pricing terms were disclosed.
