EMRAM: Frostkrone takes over Innovate Foods
Kirkcaldy, Scotland/ Munich — Shearman & Sterling has advised Frostkrone Food Group (Frostkrone), a portfolio company fund advised by EMERAM, on the financing of its add-on acquisition of Innovate Foods.
Innovate Foods, based in Kirkcaldy, Scotland, manufactures frozen finger foods and snacks for the wholesale, retail and food service markets. Founded by Tony Dumbreck, the company is one of the leading finger food manufacturers in the UK.
EMERAM is an independent Munich-based investment company for German-speaking medium-sized companies. Funds advised by EMERAM provide capital for the further development of companies with a fund volume of €400 million. EMERAM sees itself as a long-term business development partner for companies in the three areas of Consumer, Services and Technology. — Shearman & Sterling regularly advises EMERAM on financing transactions.
Advisor to EMERAM: Shearman & Sterling
Partner Winfried M. Carli and Associate Andreas Breu (Germany-Finance).
About Shearman & Sterling
Shearman & Sterling is an international law firm with 24 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies. For more information, visit www.shearman.com.