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 workers now maintain the remaining minority shares.
In a press release issued yesterday (28 July), Greenfood stated the transaction will assist its “accelerated worldwide enlargement”.
“The corporate’s capital construction, monetary commitments and obligations stay unchanged,” it added.
Greenfood, identified for its “wholesome, inexpensive, and sustainable” meals, operates in each Europe and the US.
The Swedish firm provides recent vegetables and fruit, in addition to ready-made meals. It operates by three divisions: Recent 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 skill to additional speed up development, foster innovation, and strengthen our optimistic influence.”
The deal is slated for completion within the second half of the yr, contingent on regulatory approvals and different customary closing situations.
Greenfood in its present type happened in 2015 by the merger of Picadeli and STC Greenfood. The next yr, it was acquired by Stockholm-based private-equity agency Nordic Capital. In 2019, the corporate purchased the fresh cut produce business 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 adjustments fingers” was initially created and revealed by Just Food, a GlobalData owned model.
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