Swiss private equity firm Partners Group AG on Thursday said that it was acquiring Hofmann Menu Manufaktur for an undisclosed sum. Hofmann Menu is a German provider of frozen food products.
Reuters, quoting a statement by Partners Group, said Hofmann Menu employed about 1,000 staff and had a well-diversified client base of more than 10,000 customers. Its daily production volume is over 150,000 meals, according to private equity firm Glide Buy Out Partners.
Glide Buy Out Partners has invested in Hofmann Menu in 2007 through its Glide Buy-Out Fund III. It is one of Europe's foremost mid-market investment firms, its website said
Partners Group partner Juergen Diegruber said his company will assist Hofmann Menu in its envisioned national and international expansion, the report stated.
Partners Group has over €30 billion in assets under management. The investment firm focuses on private equity, private debt, private real estate and private infrastructure, its website said.
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