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>> BARCLAYS Latest News

OCT 04, 2013 - New York Post

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Earthbound ends buyer search

That’s a lot of green! The months-long auction for bagged salad grower Earthbound Farm Organic is a bust after potential buyers balked at the rich asking price, The Post has learned. In May, private-equity owner Kainos Capital hired Barclays to shop the San Juan Bautista, Calif.-based produce company for north of $600 million. The price tag worked out to 8.5 times the company’s $75 million in annual earnings before interest, taxes, depreciation and amortization. Suitors thought 7.5 times was more reasonable, a source close to the situation said. Based on sales of other organic brands, Kainos ... Read More

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