McGuireWoods Advises Falfurrias Capital Partners in C.F. Sauer Acquisition

July 22, 2019

McGuireWoods advised Charlotte, N.C.-based private equity firm Falfurrias Capital Partners in acquiring C.F. Sauer Company’s food business. The deal’s closing is subject to shareholder approval and other conditions. C.F. Sauer shareholders will retain the company’s significant real estate portfolio.

Charlotte M&A partner Chris Nesbit led the McGuireWoods deal team, which included partner J.D. Costa and associates Clare Lewis and Hannah Schuppner. Senior counsel Staci Rosche  handled financing aspects of the deal.

McGuireWoods has served as legal adviser to Falfurrias since its 2006 founding. Falfurrias has since grown to become one of North Carolina’s largest private equity buyout firms, with significant experience in the food and premium catering industries. Over the past year, McGuireWoods has assisted Falfurrias in closing five equity investments, four successful exits and two add-on acquisitions. The firm represented Falfurrias in its investment in Tax Guard, which was named a finalist in three deal categories in the 2018 M&A Advisor Awards.

“We are proud of our longstanding relationship with Falfurrias and grateful for the opportunity to assist in this major addition to Falfurrias’ portfolio,” Nesbit said.

Numerous media outlets noted McGuireWoods’ role in the transaction, including Mergers & Acquisitions, the Charlotte Business Journal, The Richmond Times-Dispatch  and Richmond BizSense .

McGuireWoods consistently ranks among the top law firms in highly respected league tables for M&A and private equity deals. The firm ranked fourth for the number of U.S. M&A deals it handled for clients in the first quarter of 2019, as noted in league tables published by Bloomberg and Refinitiv. The firm also ranked 10th for global private equity deals up to $500 million and eighth for transactions up to $250 million in Bloomberg’s tables.