Swedish funding agency Fidelio is about to purchase Nordic Capital’s majority stake in fresh-produce group Greenfood.
Monetary phrases weren’t disclosed.
Fidelio has held a minority stake in Greenfood for nearly 15 years.
A Greenfood spokesperson confirmed to Simply Meals that administration and staff now maintain the remaining minority shares.
In an announcement issued yesterday (28 July), Greenfood stated the transaction will help its “accelerated worldwide growth”.
“The corporate’s capital construction, monetary commitments and obligations stay unchanged,” it added.
Greenfood, recognized for its “wholesome, reasonably priced, and sustainable” meals, operates in each Europe and the US.
The Swedish firm provides contemporary fruit and veggies, in addition to ready-made meals. It operates via three divisions: Contemporary Produce, salad-bar enterprise Picadeli and Meals Options.
Since 2016, when Nordic Capital turned the bulk shareholder, Greenfood stated it has almost doubled its revenues to Skr5.6bn ($580.3m).
David von Laskowski, the CEO of Greenfood Group & Picadeli, stated, “As we flip this thrilling web page along with Fidelio, we’re assured in our capability to additional speed up progress, foster innovation, and strengthen our constructive influence.”
The deal is slated for completion within the second half of the 12 months, contingent on regulatory approvals and different normal closing circumstances.
Greenfood in its present type took place in 2015 via the merger of Picadeli and STC Greenfood. The next 12 months, it was acquired by Stockholm-based private-equity agency Nordic Capital. In 2019, the corporate purchased the contemporary minimize produce enterprise of Finland’s Apetit.
The corporate provides clients in Sweden, Finland, Denmark, Norway, Estonia, Germany, Belgium, Luxembourg, France and the US, with sourcing operations in Spain.
“Greenfood majority stake modifications fingers” was initially created and revealed by Simply Meals, a GlobalData owned model.
The data on this website has been included in good religion for normal informational functions solely. It isn’t meant to quantity to recommendation on which it is best to rely, and we give no illustration, guarantee or assure, whether or not categorical or implied as to its accuracy or completeness. You should acquire skilled or specialist recommendation earlier than taking, or refraining from, any motion on the idea of the content material on our website.
