Hayfin is pleased to announce that it has provided the debt financing to support TowerBrook Capital Partners’ (“TowerBrook”) acquisition of a majority stake in IDAK Food Group (“IDAK”) from Invision and Nord Holding.

IDAK is a strongly networked group of specialised companies and manufacturers operating across the premium frozen food sector. In recent years, IDAK has delivered strong growth, both organically and inorganically through strategic acquisitions in Switzerland and further abroad.

The change of ownership will aim to grow IDAK’s capital base and provide the company with a platform to pursue further M&A opportunities across Europe. The well-established IDAK management team, led by CEO Christof Lehmann, will remain in place.

Robert da Costa, Director, Private Credit, commented: “Hayfin has a longstanding relationship with TowerBrook and we are pleased to provide the financing for this transaction. We have been impressed by IDAK’s management team who have delivered exceptional historical performance. We look forward to working with the IDAK team and supporting their continued growth trajectory alongside TowerBrook.”

Olaf Hartmann, Head of DACH and Portfolio Manager for Private Credit, added: “IDAK has become one of the most exciting European food businesses in recent years, and we are delighted to be partnering with them to support their next stage of growth. The transaction also demonstrates the benefits of our local footprint and the strength of our DACH franchise, an area where we see significant opportunities going forward.”

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