Cleary Gottlieb represented Warburg Pincus in its purchase of FlexXray Holdings LLC (FlexXray) from Levine Leichtman Capital Partners LLC.
Tilia Holdings invested alongside Warburg Pincus. The transaction closed on July 26, 2021.
FlexXray is the leading provider of x-ray inspection services focused exclusively on food safety. FlexXray assists leading food manufacturers with regulatory compliance and food safety issues by identifying and removing foreign contaminants from food. Hundreds of manufacturing plants in North America rely on FlexXray’s industry-leading expertise and customer service to salvage valuable products when contamination events occur in the normal course of the food manufacturing process. FlexXray was founded in 2001 and is headquartered in Arlington, Texas.
Warburg Pincus, a long-time Cleary client, is a leading global private equity firm focused on growth investing and a leading investor in food safety and food supply chain services, with current and historical investments in Certified Laboratories, Hygiena, GA Foods, SPINs, Aramark, Grubhub/Seamless, Duravant, and Trimark. Tilia is also a leading investor in the food and nutrition supply chain with current investments in Refrig-It, Certified Laboratories, Universal Pure, Proven Partners Group, Ellison Bakery, NutriScience Innovations, and Wheat Montana, and historical investment in Safe Foods International Holdings.
For more information, please see the press release here.