Capitol Peak Partners and KKR & Co. secure Auction for Borden Dairy

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Customer oriented funding firm, Capitol Peak Partners and KKR & Co. secured a victory in buying a milk producing company known as Borden Dairy. The former chairman and chief executive of Dean Foods Co., Gregg Engles, who is now in charge of Capitol Peak, has always been a competitor to Borden. KKR was a major lender for the company, however, it hit a rough patch in January with a decreased milk consumption rate in the US. This decrease in profits prompted Borden to request Prairie Farms Dairy as a back up bidder according to court documents.

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