Nordic Capital divests Menigo to Brakes Group
The deal sees Nordic Capital divest the majority of its stake in the business and retain 33%.
Stockholm-based Menigo (formerly ICA Meny) is a Swedish food service company, which supplies some 16,000 customers ranging from small eateries and cafés to luxury restaurants, hotel chains and institutions. With a range of some 38,000 products and about 900 staff, the company reported SEK 5bn in sales.
London-based Brakes Group supplies food, drinks and equipment to the food service sector. The company currently has operations in the United Kingdom, Ireland and France and a turnover of £2.2bn.
More on Exits
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Ares Management handed keys to two-thirds of UK sponsor’s portfolio
Lender provided GBP 500m for three of the GP's deals between 2016 and 2019, Debtwire reported
Actera Group explores strategic options for Celebi Ground Handling
Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal
Main Capital’s Assessio to be sold to Pollen Street
Recruitment software company tripled in revenue under Main Capital’s ownership
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater