Steadfast invests in Hermesmeyer Group

The investment comes as part of a reorganisation of the group's shareholder structure, and sees the GP's 2011-vintage €128m Steadfast Capital Fund III join the ownership group.

Hermesmeyer's new owners will support a buy-and-build strategy for the company, with regional expansion as a primary focus, both through organic and acquisitive growth.

Debt
A financing package for the buyout was provided by National-Bank Essen.

Company
Founded in the 1960s by the eponymous family, Hermesmeyer Group is a meat product manufacturer and wholesaler that mainly produces sausages.

Hermesmeyer operates its own logistics fleet, and offers 2,000 food and non-food products, including its own brands alongside third-party and private-label goods.

The company is headquartered in Mülheim an der Ruhr and is managed by the founders' sons Frank and Dirk Hermesmeyer.

People
Founding partner Nick Money-Kyrle worked on the deal for Steadfast Capital. Frank Hermesmeyer is the CEO of Hermesmeyer Group.

Advisers
Equity – CVM, Fabian Durst (M&A); Baker Tilly Roelfs, Henning Heuser (Commercial due diligence, financial due diligence, tax); Willis, Marc Schumacher (Insurance due diligence); Taylor Wessing, Walter Henle, Maria Weiers, Jörg Kupjetz (Legal).

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• Topics
• DACH
• Buyouts
• Consumer
• Germany
• Steadfast Capital GmbH
• Baker Tilly
• Taylor Wessing