Frank\u00adfurt am Main\/Greven \u2014 Frank\u00adfurt-based private equity firm VR Equi\u00adtyp\u00adart\u00adner has reached a binding agree\u00adment to sell its signi\u00adfi\u00adcant mino\u00adrity stake in Grone\u00adweg Group (Greven), a leading global specia\u00adlist in high-quality freeze-dried and air-dried herbs, vege\u00adta\u00adbles and fruits. The merger with U.S.-based Thrive Foods will create a strong and compe\u00adti\u00adtive player in food freeze-drying \u2014 from fruits, vege\u00adta\u00adbles and spices to pet food and probio\u00adtics. The tran\u00adsac\u00adtion is still subject to custo\u00admary closing condi\u00adti\u00adons, inclu\u00adding regu\u00adla\u00adtory appr\u00adovals. The parties have agreed not to disc\u00adlose details of the contract.<\/p>\n
Grone\u00adweg<\/strong> was foun\u00added in 1969 and is a global player in freeze-dried herbs. The wide range of products includes herbs, spices, vege\u00adta\u00adbles and fruits. With an inter\u00adna\u00adtio\u00adnal sales team at six loca\u00adti\u00adons in Europe, North America and Latin America, the Grone\u00adweg Group has a broad distri\u00adbu\u00adtion network. Grone\u00adwe\u00adg\u2019s know-how covers the entire value chain, from the high-quality raw mate\u00adri\u00adals secu\u00adred in contract farming, through prepa\u00adra\u00adtion, drying and further proces\u00adsing, to the sale of the finis\u00adhed products. Strict inter\u00adnal test\u00ading systems and inten\u00adsive coope\u00adra\u00adtion with suppli\u00aders have also enab\u00adled the company to conti\u00adnu\u00adally expand its market position.<\/p>\n Thrive Foods is a manu\u00adfac\u00adtu\u00adrer of freeze-dried products such as fruits and vege\u00adta\u00adbles, prote\u00adins, pet foods, probio\u00adtics, enzy\u00admes and prepared foods. The company curr\u00adently has loca\u00adti\u00adons in Mode\u00adsto, Cali\u00adfor\u00adnia; Ameri\u00adcan Fork, Utah; and Albion, New York.<\/p>\n The sellers of the Grone\u00adweg Group are Ursula Grone\u00adweg with her two daugh\u00adters and VR Equi\u00adtyp\u00adart\u00adner. In the course of the tran\u00adsac\u00adtion with the Ameri\u00adcan company Thrive Foods, they are giving up their shares in full.<\/p>\n \u201cWe are happy about this next important step in the deve\u00adlo\u00adp\u00adment of our company. I am sure our company foun\u00adder Dieter Grone\u00adweg would have been deligh\u00adted to see his life\u2019s work as part of this new group of compa\u00adnies revo\u00adlu\u00adtio\u00adni\u00adzing the market,\u201d says Ursula Grone\u00adweg. Grone\u00adweg Mana\u00adging Direc\u00adtor Karl-Heinz Waszik adds: \u201cOver the past few years, we have imple\u00admen\u00adted a strin\u00adgent growth stra\u00adtegy with our top manage\u00adment and share\u00adhol\u00adders and worked perma\u00adnently on the deve\u00adlo\u00adp\u00adment of new products. This is now paying off: Grone\u00adweg Group is a perfect part\u00adner for our common goals with Thrive Foods.\u201d<\/p>\n VR Equi\u00adtyp\u00adart\u00adner had acqui\u00adred a signi\u00adfi\u00adcant mino\u00adrity stake in Novem\u00adber 2017. Since then, a consis\u00adtent growth stra\u00adtegy has been pursued, with market entry in further Euro\u00adpean count\u00adries, an expan\u00adsion of the company\u2019s presence throug\u00adhout North America and the further acqui\u00adsi\u00adtion of shares in compa\u00adnies in Latin America. In addi\u00adtion, the product range has been expan\u00added and new stra\u00adte\u00adgic supply part\u00adner\u00adships have ensu\u00adred a high level of supply capa\u00adbi\u00adlity, which has proved very successful, parti\u00adcu\u00adlarly in the chal\u00adlen\u00adging past years.<\/p>\n \u201cWe have achie\u00adved a lot in the five years we have been toge\u00adther with the foun\u00adding family,\u201d says Peter Sachse (photo), mana\u00adging direc\u00adtor of VR Equi\u00adtyp\u00adart\u00adner.<\/strong> \u201cIt is hard to imagine a better stra\u00adte\u00adgic fit than the acqui\u00adsi\u00adtion of Grone\u00adweg by Thrive Foods. In addi\u00adtion to the geogra\u00adphi\u00adcal expan\u00adsion, the two compa\u00adnies comple\u00adment each other perfectly in terms of product ranges and asso\u00adcia\u00adted know-how. From our perspec\u00adtive, this is a forward-looking decis\u00adion with the best pros\u00adpects for further growth.\u201d<\/p>\n About VR Equitypartner<\/strong><\/p>\n VR Equi\u00adtyp\u00adart\u00adner is one of the leading equity finan\u00adciers in Germany, Austria and Switz\u00ader\u00adland. The company supports medium-sized family busi\u00adnesses in a goal-orien\u00adted manner and with deca\u00addes of expe\u00adri\u00adence in the stra\u00adte\u00adgic solu\u00adtion of complex finan\u00adcing issues. Invest\u00adment oppor\u00adtu\u00adni\u00adties include growth and expan\u00adsion finan\u00adcing, corpo\u00adrate succes\u00adsion or share\u00adhol\u00adder chan\u00adges. VR Equi\u00adtyp\u00adart\u00adner offers majo\u00adrity and mino\u00adrity invest\u00adments as well as mezza\u00adnine finan\u00adcing. As a subsi\u00addiary of DZ BANK, the central insti\u00adtu\u00adtion of the coope\u00adra\u00adtive banks in Germany, VR Equi\u00adtyp\u00adart\u00adner consis\u00adt\u00adently puts the sustaina\u00adbi\u00adlity of corpo\u00adrate deve\u00adlo\u00adp\u00adment ahead of short-term exit thin\u00adking. VR Equi\u00adtyp\u00adart\u00adner\u2019s port\u00adfo\u00adlio curr\u00adently compri\u00adses around 60 commit\u00adments with an invest\u00adment volume of EUR 400 million. The tran\u00adsac\u00adtion team of VR Equi\u00adtyp\u00adart\u00adner: Tim Feld, Hedwig Holken\u00adbrink, Daniel Seifert, Jens Osthoff<\/p>\n Advi\u00adsor VR Equitypartner:<\/p>\n M&A: Square\u00adfield<\/strong> (Dr. Boris Hippel, Dorian Bindemann)<\/p>\n Finance: Grant Thorn\u00adton<\/strong> (Klaus Schaldt, Johan\u00adnes Kost, Felix Bickel Carioni)<\/p>\n Tax: Grant Thorn\u00adton<\/strong> (Dr. Stefan Hahn, Dr. Nico\u00adlas Br\u00fcggen)<\/p>\n Legal: Noerr<\/strong> (Dr. Martin Neuhaus, Gerrit Henze, Florian D\u00f6pking, Hannah Best\u00ading, Phil\u00adipp Buchs, Clau\u00addia Rinkens)<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Frank\u00adfurt am Main\/Greven \u2014 Fran\u00adk\u00ad\u00adfurt-based private equity firm VR Equi\u00adtyp\u00adart\u00adner has reached a binding agree\u00adment to sell its signi\u00adfi\u00adcant mino\u00adrity stake in Grone\u00adweg Group (Greven), a leading global specia\u00adlist in high-quality freeze-dried and air-dried herbs, vege\u00adta\u00adbles and fruits. The merger with U.S.-based Thrive Foods will create a strong and compe\u00adti\u00adtive player in food freeze-drying \u2014 [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":48872,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1365,1366,1367,1368,1369,1371],"tags":[],"class_list":["post-48941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-private-equity-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-lawyers-tax-consultants-auditors","category-investors","category-deals-en","news-category-deals-news-en"],"yoast_head":"\n
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