Investment management firm TowerBrook Capital Partners’ acquisition of a majority stake in IDAK Food Group from Invision and Nord Holding, with private credit firm Hayfin Capital Management providing debt financing.
The acquisition is intended to support IDAK’s capital base and enable the company to pursue M&A across Europe. IDAK management team, led by CEO Christof Lehmann, will continue in their roles.
IDAK comprises companies and manufacturers operating in the frozen food sector.
Olaf Hartmann, Head of DACH and Portfolio Manager for Private Credit at Hayfin, commented: “IDAK has become one of the most exciting European food businesses in recent years, and we are delighted to be partnering with them to support their next stage of growth. The transaction also demonstrates the benefits of our local footprint and the strength of our DACH franchise, an area where we see significant opportunities going forward.”
