When the Tribune Company management begrudgingly put the company on the auction block at the behest of the Chandler family, they said they would not consider bids for individual parts of the company.
The Bumble Bee investment is reflective of the broader style at Centre, which Pollack and Jaffe say focuses on middle-market opportunities where the firm can leverage its strengths to help business owners and management teams that may not want to run an auction process with 50 bidders getting involved.