US buyout firm Lindsay Goldberg has become the latest private equity group to secure more than $1bn (€811m) from an exit deal this month, as trade buyers gain confidence in the economic recovery.

The firm sold meats product supplier Keystone Foods to Brazilian trade buyer Marfrig Alimentos for $1.26bn, according to a statement from Marfrig. Lindsay Goldberg originally bought a majority stake in Keystone Foods in 2004 for an undisclosed amount, and has since made seven follow-on investments, according to its website. A spokeswoman for Lindsay Goldberg could not be reached for comment.