M&A Deal Summary

TowerBrook Capital Partners Acquires IDAK

On July 12, 2024, private equity firm TowerBrook Capital Partners acquired food company IDAK from NORD Holding

Acquisition Highlights
  • This is TowerBrook Capital Partners’ 5th transaction in the Food sector.
  • This is TowerBrook Capital Partners’ 4th transaction in Switzerland.

M&A Deal Summary

Date 2024-07-12
Target IDAK
Sector Food
Buyer(s) TowerBrook Capital Partners
Sellers(s) NORD Holding
Deal Type Secondary Buyout

Target

IDAK

Spreitenbach, Switzerland
IDAK is a market-oriented holding company with ownership of independent and established companies in the field of food production. With their products and services, the portfolio companies are all positioned in the premium segment and have a focus on frozen food. IDAK is based in Zug, Switzerland.

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Buyer(S) 1

Buyer

TowerBrook Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TowerBrook Capital Partners is a private equity firm focused on leveraged buyouts, leveraged build-ups and distressed situation investments throughout North America and Europe. TowerBrook prefers control-oriented investments and actively pursues complex situations that other firms may avoid. Target sectors include consumer services, distribution, beverages, pharmaceuticals, media, technology, communications, software, and healthcare. TowerBrook Capital Partners was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 97 of 99
Sector (Food) 5 of 5
Type (Secondary Buyout) 27 of 28
Country (Switzerland) 4 of 4
Year (2024) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 AQUAchiara

Paris, France

AQUAchiara is a provider of micro-filtered water dispenser solutions for hotels, restaurants, and corporate clients. AQUAchiara was founded in 2007 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-29 JSM Group

Hertfordshire, United Kingdom

JSM Group is an independent connections provider (‘ICP’) focusing on high-voltage works for predominantly Data Center clients in the UK. The Power division provides high-voltage and extra-high-voltage grid connections to its blue-chip base across the data center, battery storage, and renewables markets. The Communications division provides core fiber infrastructure network, data center, and mobile network services to serveral longstanding Communications customers. JSM Group was founded in 1998 and is based in Hertfordshire, United Kingdom.

Buy -

Seller(S) 1

SELLER

NORD Holding

Hannover, Germany

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1969
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

NORD Holding is a private equity firm focused on investments in Germany, Austria, and Switzerland. NORD targets medium sized businesses dealing with succession issues, needing growth financing, or mezzanine capital. The Firm will consider both majority and minority situations. Sectors of interest include automotive, building materials, construction, consumer goods, finance, logistics, manufacturing, capital equipment, media, IT, optical supplies, life science, printing, service providers, shipbuilding, and trade. NORD Holding was formed in 1969 and is based in Hannover, Germany.


DEAL STATS #
Overall 33 of 33
Sector (Food) 1 of 1
Type (Secondary Buyout) 15 of 15
Country (Switzerland) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 ABJ alive

Creussen, Germany

ABJ alive is a manufacturer of nutritional supplements and offers a comprehensive service from the product idea to the final realization and offers a variety of services, including the production of nutritional supplements and orthomolecular products. ABJ alive was founded in 2010 and is based in Creussen, Germany.

Buy -