Equity Sale, Debt Recapitalization and Reorganization of Food Service Company

In February 2008, Kegler Brown represented Michael’s Finer Meats and Seafoods Inc. (“Michael’s), a leading purveyor of premium meat and seafood products, in its equity sale, debt recapitalization and reorganization transaction sponsored by Sorenson Capital, a private equity firm focused on providing small- to middle-market buyouts and investments. Sorenson Capital became a significant investment partner in Michael’s as a result of the transaction. Terms of Sorenson Capital’s investment were not disclosed. Founded in 1962, Michael’s has established itself as a prominent provider of quality meats - beef, seafood and poultry - for high-end restaurants, hotels, resorts, country clubs, casinos and caterers in Ohio and other states throughout the U.S. Sorenson Capital is a private equity fund that provides small- to middle-market buyout and growth equity investments, with a particular focus on opportunities in selected states in the western U.S. Sorenson Capital is managed and controlled by West Rim Capital; both are headquartered in Salt Lake City, Utah.