Investment Summary

Argantis Exits Frostkrone Food Group

On August 1, 2012, private equity firm Ardian invested in food company Frostkrone Food Group from Argantis

Investment Highlights
  • This is Ardian’s 6th transaction in the Food sector.
  • This is Ardian’s 11th transaction in Germany.
Investment Fate
  • Frostkrone Food Group was sold to a consortium of financial buyers in 2017.

Investment Summary

Date 2012-08-01
Target Frostkrone Food Group
Sector Food
Investor(s) Ardian
Sellers(s) Argantis
Deal Type Secondary Buyout

Target

Frostkrone Food Group

Rietberg, Germany
Frostkrone Food Group is a specialist in the development and production of deep-frozen finger food and snack products. Frostkrone Food Group has a highly diverse product portfolio based on cheese, fish, vegetables, and meat, and sells its products in food retail outlets and in the foodservice sector. Frostkrone Food Group was founded in 1997 and is based in Rietberg, Germany.

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Investor(S) 1

Investor

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 188 of 464
Sector: Food M&A 6 of 16
Type: Secondary Buyout M&A Deals 50 of 155
Country: Germany M&A 11 of 30
Year: 2012 M&A 12 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Kermel

Colmar, France

Kermel is a manufacturer of meta-aramid fibre for protective clothing and industrial applications. Kermel fibre is used for protective clothing. The company is a manufacturer of aramid fibre dedicated to heat resistant protective clothing. Kermel was founded in 1992 and is based in Colmar, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-06 BestSecret

Aschheim, Germany

BestSecret sells more than 3,000 designer brands at attractive prices through its website BestSecret.com as well as three stores in Munich and Vienna. Its exclusive membership is based on invitation only which creates both high-desirability and strong customer engagement, driving double-digit annual growth over the past years. BestSecret was founded in 1924 and is based in Aschheim, Germany.

Buy -

Seller(S) 1

SELLER

Argantis

Koln, Germany

Category Private Equity Firm
Founded 2003
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argantis GmbH is a private equity firm focused on investments in mid-sized companies operating in Germany, Switzerland, and Austria. Argantis looks for businesses generating annual sales between €30 and €250 million. Argantis does not have any sector preferences and looks to commit €10 to €30 million of equity capital per transaction. The Firm looks to hold investments for 3 to 7 years. Argantis was formed in 2003 by the two banks Sal. Oppenheim jr. & Cie. KGaA and IKB Deutsche Industriebank AG. Argantis is based in Koln, Germany.


DEAL STATS #
Overall 3 of 5
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: Germany M&A 3 of 4
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Frostkrone Food Group

Rietberg, Germany

Frostkrone Food Group is a specialist in the development and production of deep-frozen finger food and snack products. Frostkrone Food Group has a highly diverse product portfolio based on cheese, fish, vegetables, and meat, and sells its products in food retail outlets and in the foodservice sector. Frostkrone Food Group was founded in 1997 and is based in Rietberg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Roventa-Henex

Tavannes, Switzerland

Roventa-Henex is a manufacturer specialized in the development and production of traditional Swiss Made watch brands and international designer brands in the medium and high price segment. Roventa-Henex was founded in 1959 and is based in Tavannes, Switzerland.

Sell -