Shearman And Sterling

News February 18, 2019

Frostkrone’s Financing of the Acquisition of Rite Stuff Foods

Shearman & Sterling advised EMERAM’s portfolio company frostkrone Tiefkühlkost GmbH on the financing of the acquisition of Rite Stuff Foods, Inc., a U.S.-based potato snacks producer.

EMERAM, based in Munich, is an independent private equity firm for mid-cap companies in the German-speaking area. The equity for this transaction was provided by funds advised by EMERAM Capital Partners to drive the development of companies, drawing upon a fund volume of €350 million. EMERAM focuses on long-term business development partnerships in five industry sectors: consumer goods, retail, industrial goods, business services and healthcare.

Rite Stuff Foods was founded in 1989 by Thomas J. Madden and is today one of the most important U.S. producers of potato specialties. The company is headquartered in Jerome, Idaho, and serves the food retail industry, the food service sector and various restaurants.

Shearman & Sterling previously advised EMERAM, inter alia, on the financing of the acquisition of frostkrone group and on the financing of the add-on acquisitions of Piz’Wich and Varenne, French specialist manufacturer of frozen snack products and finger food, by frostkrone.

The Team