Highlander takes 60% stake in QFG
US- and CEE-focused mid-market GP Highlander Partners has acquired a 60% stake in Poland-based convenience food producer QFG.
The buyout and capital increase will see the founders retain a 40% stake in QFG, with the fresh capital used to bolster the company's current production capacity as well as the construction of a new production plant in central Poland.
Highlander was attracted to QFG's growth rate and use of technology in its business model and development, the firm stated.
The Texas- and Warsaw-based GP has been very active in Poland this year, completing the exits of Łódź-based power transformer business ZREW Transformatory and Warsaw-based Medi-system in the first week of 2016.
Company
Founded in 2000, QFG is a meat processing company specialised in producing products for the convenience food sector.
The company produces poultry, pork, beef and mutton-based ready-to-eat and pre-cooked meals which are chilled or frozen. Its current production facilities are located in Pionki and Białobrzegi.
QFG had revenues of PLN 117m in 2015 and is forecasting a PLN 200m turnover for 2016.
People
Maciej Rybicki is an operating partner at Highlander.
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