Daily News: December 10, 2012

Wedbush Capital Assists Passport Food Group’s Acquisition


Wedbush Capital Partners announced the acquisition of Golden Pheasant Foods (GPF) by platform company Passport Food Group.

Kent, WA-based GPF is a manufacturer and distributor of various authentic Asian noodles, wrap products and other goods, primarily serving the foodservice industries in the Pacific Northwest region.

“Golden Pheasant and its team are a wonderful addition to Passport Food Group,” said Dave Abrams, CEO of Passport. “Their product suite and strong position in the Pacific Northwest complement Passport Food Group’s market segment and will benefit from our nationwide distribution network.”

K&L Gates served as counsel to Passport Food Group.

Passport Food Group is the holding company of Asian food manufacturers Wing Hing Foods and Golden Pheasant Foods.

Wedbush Capital Partners is a private equity firm focused on recapitalizations, growth investments, and management-led buyouts of lower middle-market companies.