Centerview Leads Kraft Heinz Breakup a Decade After Megamerger

Centerview Partners has nabbed the key advisory role on the Kraft Heinz Co. breakup, unwinding a megamerger the boutique bank advised on more than a decade ago.

Kraft Heinz said Tuesday it’s splitting into two publicly traded companies, separating its business selling iconic condiments like Heinz ketchup from slower-growing grocery brands like Oscar Mayer hot dogs. Centerview is the only financial adviser on the deal, according to a statement.