Who saved Hostess from bankruptcy?
Jackson Reed
Updated on January 11, 2026
Dean Metropoulos & Co.
Dean Metropoulos & Co. partnered with Apollo Global Management to save Hostess from bankruptcy. He then served as Hostess Brand’s president and CEO until 2018. Hostess’ predecessor – Interstate Bakeries – was once a $3bn company but carried heavy debt and filed for bankruptcy twice, in 2004 and 2012.
Who bought Hostess Brands?
It is headquartered in Lenexa, Kansas, and was a venture originally started by Apollo Global Management and C. Dean Metropoulos and Company. Currently, the main operating subsidiaries are Hostess Brands, LLC and Voortman Cookies Limited….Hostess Brands.
| Type | Public |
|---|---|
| Website | hostessbrands.com |
Did Hostess bakery go out of business?
Just four years after laying off thousands of workers and announcing it was going out of business, Hostess Brands LLC (maker of Twinkies, Ding Dongs and other beloved packaged cakes) is preparing to go public. …
How did Hostess get out of bankruptcy?
The most recent investors who bought it out of bankruptcy did not in fact buy “the company.” They bought just some of the assets. By buying the Hostess assets out of bankruptcy, Apollo and Metropoulos took them on free of employee benefits and other labor obligations that had weighed down the company.
Is Hostess a bankruptcy?
The company came out of bankruptcy in 2009 and rebranded itself Hostess Brands, but it didn’t work. Jhawar: But, unfortunately, many of the legacy problems that really hampered the company didn’t get solved through that bankruptcy. took a huge hit on Hostess’ bottom line, with year-over-year sales down 20%.
Who is the CEO of Hostess Brands?
Andrew P. Callahan (May 7, 2018–)
Hostess Brands/CEO
How many employees does Bain Capital have now?
By the end of the decade, Bain Capital was on its way to being one of the top private equity firms in the nation, having increased its number of partners from 5 to 18, having 115 employees overall, and having $4 billion under its management.
When did Bain Capital take Hospital Corporation of America private?
In 2006, Bain Capital and Kohlberg Kravis Roberts, together with Merrill Lynch and the Frist family (which had founded the company) completed a $31.6 billion acquisition of Hospital Corporation of America, 17 years after it was taken private for the first time in a management buyout.
What was the most successful investment by Bain Capital?
Another very successful investment occurred in 1986 when $1 million was invested in medical equipment maker Calumet Coach, which eventually returned $34 million. A few years later, Bain Capital made an investment in the technology research outfit the Gartner Group, which ended up returning a 16-fold gain.
Who are the Bain partners in the Nabisco acquisition?
Bain’s partners in the acquisition were Silver Lake Partners, TPG Capital, Goldman Sachs Capital Partners, Kohlberg Kravis Roberts, Providence Equity Partners, and Blackstone Group. This represented the largest leveraged buyout completed since the takeover of RJR Nabisco at the end of the 1980s leveraged buyout boom.
