Simpson Thacher represented funds advised by Apax Partners LLP in connection with their completed acquisition of Bazooka Candy Brands, a portfolio of leading non-chocolate confectionary brands, from Michael D. Eisner’s Tornante Company and funds affiliated with Madison Dearborn Partners. Financial terms were not disclosed.
Bazooka produces, markets, and distributes novelty confections under iconic brands including Ring Pop®, Push Pop®, Baby Bottle Pop®, Juicy Drop®, and Bazooka Bubble Gum®. Bazooka’s portfolio spans lollipops, gummies, chewy candy, gum, and chocolate, packed in highly unique formats to deliver Edible Entertainment® experiences to generations of customers around the world.
Apax Partners is a leading global private equity advisory firm. For 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $65 billion. The Apax Funds invest in companies across four global sectors of Internet/Consumer, Tech, Services, and Healthcare. These funds provide long-term equity financing to build and strengthen world-class companies.
The Simpson Thacher team includes: Michael T. Holick, Ryerson Symons, Aseda Ghartey-Tagoe, Jonathan Schwartz, David Kim and Simon Teich (M&A); Andrew Blau, Alisa Tschorke and Sara Mazurek (Executive Compensation and Employee Benefits); Brian Steinhardt, Leah Tendler, Darby Tingle and Elizabeth Greene (Banking & Credit); Sophie Staples, Edward Grais and Shareef Salfity (Tax); Lori Lesser, Bobbie Burrows, Rachelle Broida and Mark Natividad (Intellectual Property); David Caldwell (Regulatory); Krista McManus (Real Estate); Michael Isby and Tim Mulvihill (Environmental); Steven DeLott (Insurance).