IDAK

The IDAK Food Group, which specializes in premium frozen food, is changing ownership. The London and New York-based transatlantic investment company TowerBrook Capital Partners is replacing the previous investment companys NORD Holding and Invision as the new majority shareholder (subject to regulatory approval). The rapidly growing IDAK is thus strengthening its capital base for the growth of its companies and further acquisitions in the European environment. The well-established management team around IDAK Food Group CEO Christof Lehmann will retain a broadly supported minority stake in the company.

The IDAK Food Group, previously owned by the investment companys Invision in Zug, NORD Holding in Hanover, LGT and the management, is a strongly networked group of specialized companies and manufacturers in the field of premium frozen food. Even in an economically challenging environment, it is growing rapidly organically and through strategic acquisitions at home and abroad and is holding its own extremely successfully on the market. The company sees further potential for selective acquisitions in Europe in order to expand existing business areas or develop additional ones.

Therefore, after a carefully conducted selection process, IDAK (subject to regulatory approval) is strengthening its capital base with the new anchor shareholder TowerBrook Capital Partners, an established transatlantic investment company based in London and New York. This step aims to strengthen IDAK's rapidly growing capital base for the growth of its companies and further acquisitions in Europe. "Our goal is to establish ourselves as the leading pan-European premium frozen food group," says Christof Lehmann, CEO of the IDAK Food Group.

Continuing a successful strategy

"We are pleased and proud that we have gained such a renowned investment company in TowerBrook as our new majority shareholder. This step confirms and continues our successful strategy. With its extensive know-how and international network, TowerBrook is the ideal partner for us to support us in our next development steps and growth goals," adds Lehmann.

Philipp von Mitzlaff, Partner at NORD Holding, adds: "It was a great pleasure to work with the management team at IDAK. After our entry in 2019, the platform was able to be significantly developed further and, despite partially adverse market conditions, maintain and expand its leading market position. We thank the idak team and wish them all the best and much success in the new partnership with TowerBrook."

Continuity in management is maintained

‍All companies belonging to the IDAK Food Group are independent, established and successful in their markets. These corporate principles and the associated continuity are adhered to. "Our new investors share the vision and our commitment to long-term stability," confirms Lehmann.
Continuity is also a priority for management. It is underpinned by the minority stake, with which the group management around long-standing CEO Christof Lehmann and the management teams of the companies continue to hold a substantial and broad-based share in the company.
 
The transaction was accompanied on the NORD Holding side by Philipp von Mitzlaff and Moritz Stolp

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About IDAK Food Group

The IDAK Food Group includes KADI AG in Langenthal and Margherita Srl in Italy as well as Romer's Hausbäckerei in Benken SG. The group enables strategic acquisitions. The aim of IDAK is to further expand a strongly networked growth platform of specialized companies and manufacturers in the premium frozen food sector in Europe. IDAK currently consists of the three segments "Potatoes & Snacks", "Pizza & Pizza Snacks" and "Baked Goods & Snacks". In 2023, the group employed around 1,000 people and generated sales of around 250 million francs.

Further information are available under: www.idak.ch