Zürich/Boxberg-Schweigern – Funds advised by Gilde Buy Out Partners („Gilde”) and all other shareholders have sold their holding in Hofmann Menü Manufaktur group („Hofmann Menü”) to the existing management team and Partners Group on behalf of its clients. Hofmann Menü is a leading German provider of customized cook & freeze products to small business canteens and social organizations such as retirement homes, hospitals and schools. Hofmann Menü also offers its customers the complete range of services such as catering, nutritional consulting and quality management and is ideally positioned to take advantage of certain secular trends such as an aging population and the ever-increasing trend towards outsourced catering. The transaction is still subject to approval by the respective antitrust authorities.
Hofmann Menü employs approximately 1’000 staff and operates three production sites as well as seven distribution and logistics centers (six in Germany and one in Austria) to serve its clients. The existing management team has built a resilient business with a well-diversified client base of more than 10’000 customers and industry-leading quality standards. Based on its strong brand and recognition for premium quality products and services, Hofmann Menü is ideally positioned to increase its total share in the expanding segment of social organizations.
Ralph Wyss, Chairman and Partner of Gilde, comments:
„The development of Hofmann Menü over the last years was very positive and the company is being led by a strong and visionary management team. The outlook for the next years is favorable. Hofmann Menü has received with Partners Group a new, supportive partner. We wish management and the new majority investor all the best.”
Johannes Ulrich, CEO of Hofmann Menü, adds:
„The collaboration with Gilde has been a very positive experience for management, for which we would like to thank Gilde. Over recent years, management received full support for the implementation of our strategy. The cooperation was crowned with success and we are confident about future opportunities.”
In the course of this transaction, the sellers have been assisted by the investment bank N+1 in Frankfurt (Wolfram Schmerl) and law firm Kirkland & Ellis in Munich (Volker Kullmann).
Hofmann Menü
Hofmann Menü is a leading German provider of customized cook & freeze products to small business canteens and social organizations such as retirement homes, hospitals and schools. Hofmann Menü also offers its customers the complete range of services such as catering, nutritional consulting and quality management. Hofmann Menü has three production facilities and seven distribution centers in Germany and Austria and counts 1’000 employees.
Gilde Buy Out Partners
Gilde Buy Out Partners is one of Europe’s foremost mid market private equity investors, with managed funds in excess of €2.0 billion and operating in the Benelux, Germany, Switzerland and Austria. Gilde manages majority shareholdings in, amongst others, Eismann, Spandex, Powerlines, TMC, HG International, Gamma Holding, Teleplan, and Plukon Food Group. For more information, please visit www.gilde.com.
Contact details:
Gilde Buy Out Partners
Koos Teule
Director Investor Relations
Tel: +31 88 220 26 18
Hofmann MenüHofmann Menü is a leading German provider of customized cook & freeze products to small business canteens and social organizations such as retirement homes, hospitals and schools. Hofmann Menü also offers its customers the complete range of services such as catering, nutritional consulting and quality management. Hofmann Menü has three production facilities and seven distribution centers in Germany and Austria and counts 1‘000 employees.
Gilde Buy Out PartnersGilde Buy Out Partners is one of Europe’s foremost mid market private equity investors, with managed funds in excess of €2.0 billion and operating in the Benelux, Germany, Switzerland and Austria. Gilde manages majority shareholdings in, amongst others, Eismann, Spandex, Powerlines, TMC, HG International, Gamma Holding, Teleplan, and Plukon Food Group. For more information, please visit www.gilde.com.
Contact details:
Gilde Buy Out PartnersKoos TeuleDirector Investor RelationsTel: +31 88 220 26 18