Nachrichten April 09, 2021

Frostkrone’s Acquisition of Abergavenny Foods

Shearman & Sterling advised Frostkrone Food Group, a portfolio company of EMERAM Capital Partners on the financing of the acquisition of Abergavenny Foods Ltd, a U.K. based food service company.

EMERAM is one of the leading investment companies for medium-sized companies in the DACH region. Funds advised by EMERAM currently provide 400 million euros of capital for the development of companies. The portfolio includes companies from the consumer, technology/software and services sectors.

With the acquisition of Abergavenny Frostkrone strengthens its international presence and expands its product range. Abergavenny is seen as a market leader in the U.K. retail and food service sectors. In the free-from segment, which is currently in high demand, Abergavenny has a wide product range of vegan, gluten-free or lactose-free products. Their customers include well-known global food and food service brands, inter alia in Australia, Japan and USA.

Shearman & Sterling previously advised EMERAM on the financing of the acquisition of Frostkrone and on the financing of the various add-on acquisitions in France, the U.S. and the U.K.

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