Blackwells Capital Settles Proxy Contest Against SuperValu After Announcement of $2.9B Sale to United Natural Foods
Vinson & Elkins advised Blackwells Capital in its successful debut activism campaign, which ended in the sale of SuperValu to United Natural Foods in a deal valued at $2.9 billion, reflecting a reported 67% premium to shareholders. V&E also represented Blackwells Capital in the subsequent settlement of its proxy contest.
Blackwells Capital is an alternative investment manager dedicated to global fundamental and special situation investing across capital structures.
The V&E team included Shareholder Activism Practice leaders Lawrence Elbaum and Patrick Gadson, with assistance from an associate team led by Bachar Mahmoud and including Mariam Boxwala and Samar Khan. Also assisting on the matter were Jeff Floyd, Jing Tong and Justin Lee; Stephen Jacobson, Gina Hancock and Carolyn Exnicios; Greg Cope, Chris Mangin and Virginia Blanton; and Cliff Thau and Devon Holstad.
About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
For more information, please speak with our media contacts.