Permira Funds to Acquire Maker of PopCorners® and Other Better-For-You Branded and Private Label Snack Products

NEW YORK – June 9, 2015 – Permira, the international private equity firm, announced today that a company backed by the Permira funds has signed definitive agreements to simultaneously acquire Medora Snacks, LLC (“Medora”) and Ideal Snacks Holding Corporation (“Ideal”). Terms of the transaction were not disclosed. Medora manufactures branded better-for-you snacks, including PopCorners®, PopCorners Whole Grain®, Pop Crinkles®, and popped bean chips. Ideal is the leading contract  manufacturer of better-for-you diversified popped snacks. The Permira funds will combine Medora and Ideal under a single holding company called BFY Holdings I, LLC (“BFY Holdings”). BFY Holdings will be a leader in the better-for-you snack product category, one of the fastest growing segments of the overall U.S. salty snack market.

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Passing of Co-Founder William A. Kaynor, Esq.

New York, NY May 26, 2011: (For immediate release) – Akin Bay Company LLC (“Akin Bay”), a New York investment banking boutique, announced today the death on May 25, 2011 of one of its founding partners, William Akin Kaynor, Esq. of Coconut Grove, Florida and Quogue, NY. Mr. Kaynor was 88 at the time of his death. After a distinguished 30 year career as a partner of the New York law firm Davis Polk & Wardwell LLP (“Davis Polk”), Mr. Kaynor founded in 1990 the firm then named Akin Blair Company (now Akin Bay Company LLC) with two partners, the late John P. Carroll, Jr., Esq., also a retired partner of Davis Polk, and James Blair Rybakoff. “Bill was more than a partner and leader of Akin Bay for over a decade, he was my mentor and part of our family. Bill had one of the most analytical, quick- thinking minds I have ever encountered; even in his 70’s he was able to come up with solutions to complex financial problems faster than anyone else I have ever met. We will miss him tremendously” said James Rybakoff, who is today Akin Bay’s President and CEO.

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