Greenfood Majority Stake Changes Hands

A wicker handbasket filled pinch caller vegetables and fruits. Credit: Theemanan Chantaraphanich/Shutterstock.com.

Swedish finance patient Fidelio is group to bargain Nordic Capital’s mostly liking successful fresh-produce group Greenfood.

Financial position were not disclosed.

Fidelio has held a number liking successful Greenfood for almost 15 years.

A Greenfood spokesperson confirmed to Just Food that guidance and labor now clasp nan remaining number shares. 

In a connection issued yesterday (28 July), Greenfood said nan transaction will support its “accelerated world description ”.

“The company’s superior structure, financial commitments and obligations stay unchanged,” it added.

Greenfood, known for its “healthy, affordable, and sustainable” food, operates successful some Europe and nan US.

The Swedish institution supplies caller fruits and vegetables, arsenic good arsenic ready-made meals. It operates done 3 divisions: Fresh Produce, salad-bar business Picadeli and Food Solutions.

Since 2016, erstwhile Nordic Capital became nan mostly shareholder, Greenfood said it has astir doubled its revenues to Skr5.6bn ($580.3m).

David von Laskowski, nan CEO of Greenfood Group & Picadeli, said, “As we move this breathtaking page together pinch Fidelio, we are assured successful our expertise to further accelerate growth, foster innovation, and fortify our affirmative impact.”

The woody is slated for completion successful nan 2nd half of nan year, contingent connected regulatory approvals and different modular closing conditions.

Greenfood successful its existent shape came astir successful 2015 done nan merger of Picadeli and STC Greenfood. The pursuing year, it was acquired by Stockholm-based private-equity patient Nordic Capital. In 2019, nan institution bought the fresh trim nutrient business of Finland’s Apetit.

The institution supplies customers successful Sweden, Finland, Denmark, Norway, Estonia, Germany, Belgium, Luxembourg, France and nan US, pinch sourcing operations successful Spain.