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Food/Beverage

Ratings Actions & Outlooks

- Recent ratings downgrades and negative outlooks from Moody's, S&P and Fitch.

Blackstone Plants Seed Investment In India

- The Blackstone Group said Tuesday that it has sealed a deal to invest in Indian hybrid seed company Nuziveedu Seeds Ltd.

TPG: Investors Can Reduce Pledges By 10%

- TPG is allowing investors to reduce their pledges by 10%, nearly a year after they committed some $20 billion to the renowned fund manager, according to a source familiar with the situation.

Ratings Actions & Outlooks

- Recent downgrades and negative outlooks from Moody's, S&P and Fitch.

JPMorgan To Buy Two UBS Businesses

- JPMorgan announced today that it has agreed to purchase UBS' global agricultural and Canadian energy operations for an undisclosed price in the first quarter of 2009.

LRG Launches Distressed Hospitality Fund

- San Francisco-based boutique LRG Capital Group has launched a new fund to focus on distressed companies in the hospitality sector.

Ratings Actions & Outlooks

- Recent ratings downgrades and negative outlooks from Moody's and S&P.

IDD Exclusive: KKR Makes New PE Leadership Appointments

- As first reported by IDD, veteran Kohlberg Kravis Roberts dealmakers Michael Michelson and Alexander Navab will co-head the firm's North American private equity business.

TSG Consumer Hires John Kenney

- TSG Consumer Partners, a San Francisco private equity firm, said Monday that it has hired veteran consumer buyout executive John Kenney as a managing director and partner.

Ratings Actions & Outlooks

- Select ratings downgrades and negative outlooks from Moody's and S&P.

Lazard Hires Restructuring Pro Pohl From Skadden

- Lazard said Thursday it hired Timothy Pohl as a managing director in its restructuring group. Pohl is global co-leader of the corporate restructuring practice at Skadden, Arps, Slate, Meagher & Flom.

George Weston Sheds US Baking Business

- George Weston Ltd., a Toronto-based food processing company, said Wednesday that it has agreed to sell its US fresh baked goods business to Mexican bakery behemoth Grupo Bimbo for $2.5 billion.

Hedge Funds Decline For Sixth Straight Month

- Hedge funds fell for the sixth consecutive month in November, according to investment adviser Hennessee Group. The Hennessee Hedge Fund Index dropped 2.69% last month, and is off 18.4% year to date.

Pilgrim's Pride Gets OK For DIP Financing

- Pilgrim's Pride, which filed for bankruptcy protection in the US Bankruptcy Court for the Northern District of Texas to 'address certain short-term operational and liquidity challenges,' received court approval for a portion of a $450 million loan.

Ratings Actions & Outlooks

- Select ratings downgrades and negative outlooks from Moody's and S&P.

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