Exclusive: Goldman’s Michael Foods seeks $2 billion-plus sale – sources

Michael Foods Group Inc, a producer and distributor of egg and dairy products owned by Goldman Sachs Group Inc’s (GS) private equity arm, is exploring a sale that could fetch more than $2 billion, according to people familiar with the matter. Michael Foods has asked Goldman Sachs’ investment banking unit and Bank of America Merrill Lynch (BAC) to help it prepare for an auction, and is working on detailed financial information to send to potential buyers, the people said. The company could attract interest from food companies as well as private equity firms, said the people, who asked not to be named because the matter is not public.


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