Teachers' Private Capital agreed to acquire a majority stake in Burton's Foods Limited from Apollo Global Management, LLC (NYSE:APO) and Canadian Imperial Bank of Commerce (TSX:CM) for £350 million on November 18, 2013. The management of Burton's Foods will hold a minority stake. Burton's Foods' recent annual sales were approximately £340 million. The transaction is expected prior to the end of November. BNP Paribas provided £235 million of facilities to finance the acquisition.

Thibault Reichelt, Jackson Blair, Edward Reilly, Warren Stapley, Jason Pegnall, Emma Flett, Claire Callue, Jennifer Wilson, Justin Hutchinson, Lara Pender, Philip Crump, Sam Norris, Jane Scobie, Sarah Jordan and Shannon Yavorsky, lead by Gavin Gordon of Kirkland & Ellis acted as legal advisors to Teachers' Private Capital. Carlton Evans, Carlos Gil Rivas, Aneeq Durrani, Ian Karet, Matthew Elliott, Thomas Tharakan, Sophie Langley-Evans, Paul Grethe, Andrew Byrne, Michael Cutting, Michael Bennett, Louise Dumont, Charlotte Dixon, Robert Beazley, Ruth Knox, Sofiya Bumagin, Kimberley Low, Tristan Goodwin, Madeline Pointet, Lorna Mitchinson, Derek Hayward, Jonathan Biggs, Andrew Smiles, Andrew Douglas, Sarah Opie, Philippa O'Malley, Micaela Wing, Juliette Graham (Fisher), Reina Hashash, Nick Owen, Matthew Plaskow, Daniel Gendron, Ruth Roth, Joan Medland, Elizabeth Conway, Stuart Doxford, Pauline Chou, Oyebola Ajayi, Emma Whenham, Patrick Sutton-Mattocks, Michael Vanaselja, Harriet Clark, Melanie Shanker, Satindar Dogra, Lee Federman, Mandeep Sidhu, Claire Neil, Mark Crane, William Turner, Gideon Moore, Simon Kerr-Davis, Simon Treacy, Vanessa Tse, Vanessa Havard-Williams, Sarah Barratt-Brown, Ludovica Pizzetti, Joseph Cooke, Paul Newcombe, Paul Doe, Emma Ash, Alastair Lorimer, Annabel Lau, John Sheppard, Joanna Edworthy, Nicola Barrett, Mark Burgess-Smith, Marly Didizian, Robert Burt, Harry Evans, Tim Cox, Patrick Robinson, Nigel Jones, Mark Daniel, Emily Harmsworth and Stephen Clipsham of Linklaters acted as legal advisor to Apollo Global Management and Canadian Imperial. Edmund Reed, Chris Hale and Hannah Manning of Travers Smith acted as legal advisors to Burton's management. Shaun Browne, Luke Withnell, Azeem Ahmed, Jean-Christophe Kawaishi of McQueen Limited acted as financial advisors to Teachers' Private Capital. Steve Courtney and James Boon of KPMG acted as accountant to Teachers' Private Capital. Andrew Lynn and Julia Perroni of Canaccord Genuity Group Inc. and Paul Ahern and Srivaths Swaminathan of The Parthenon Group, LLC acted as financial advisors to Teachers' Private Capital. William Mansfield, Matias Brechner and Rumesh Rajendram of Credit Suisse acted financial advisors to the sellers. Jeff Harris, Richard Farr, Ian Steward, Alistair Kelsey and Richard Boyden of BDO LLP acted as financial advisor to the Trustees of the Burton's Foods Pension Scheme. Cottis Matthew, Paul Tannenbaum, Erica Hughes, Ben Willis and Julie Ngov of Hogan Lovells acted as legal advisors to BNP Paribas to finance the acquisition. CIBC World Markets, Inc. acted as financial advisor to Canadian Imperial Bank of Commerce.