AdvancePierre Said to Tap Barclays, Morgan Stanley for IPO

  • Food maker backed by Oaktree Capital previously explored sale
  • Offering could value company at as much as $2.5 billion

AdvancePierre Foods, the food manufacturer and supplier backed by investment firm Oaktree Capital Group LLC, tapped Barclays Plc, Credit Suisse Group AG and Morgan Stanley to manage its initial public offering, people with knowledge of the matter said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.