Amsterdam\/ Munich\/ London \u2014 Egeria Capi\u00adtal Manage\u00adment (\u201cEgeria\u201d) announ\u00adced that it has ente\u00adred into a condi\u00adtio\u00adnal agree\u00adment to sell Good\u00adLife Foods (the \u201cCompany\u201d) to IK Part\u00adners (\u201cIK\u201d).<\/p>\n
Good\u00adLife Foods, head\u00adquar\u00adte\u00adred in Breda, the Nether\u00adlands, is a leading Euro\u00adpean manu\u00adfac\u00adtu\u00adrer of frozen snacks and meal compon\u00adents such as spring rolls, appe\u00adti\u00adzers, burgers and cheese and vege\u00adta\u00adble bites. The company offers a wide range of bran\u00added and private label products that it sells to retail, food\u00adser\u00advice and indus\u00adtrial custo\u00admers throug\u00adhout Europe. Good\u00adLife employs over 700 people in six produc\u00adtion faci\u00adli\u00adties in the Nether\u00adlands, Belgium and Denmark.<\/p>\n
Good\u00adLife was crea\u00adted through the spin-off of Izico from Wessa\u00adnen in 2014 and has evol\u00adved into a fully inte\u00adgra\u00adted, leading Euro\u00adpean plat\u00adform for frozen appe\u00adti\u00adzers. Under Egeria, the company acqui\u00adred six compa\u00adnies in three diffe\u00adrent count\u00adries, follo\u00adwed by years of strong orga\u00adnic growth.<\/p>\n
Under the exis\u00adting manage\u00adment team, Good\u00adLife has grown in strength, and through its part\u00adner\u00adship with IK, the company will conti\u00adnue to expand its product port\u00adfo\u00adlio with trendy frozen bites. Good\u00adLife also plans to further acce\u00adle\u00adrate growth within and outside its core regi\u00adons through orga\u00adnic initia\u00adti\u00adves and buy-and-build.<\/p>\n
Dirk Van de Walle, CEO of Good\u00adLife Foods<\/strong>, said, \u201cWe look forward to the next chap\u00adter working with the team at IK, which has vast expe\u00adri\u00adence in the food sector and can support us in our ambi\u00adtious plans to inter\u00adna\u00adtio\u00adna\u00adlize through orga\u00adnic initia\u00adti\u00adves and mergers.\u201d<\/p>\n Remko Hilhorst, Mana\u00adging Part\u00adner at IK<\/strong> and advi\u00adsor to the IK IX Fund, said, \u201cWe are impres\u00adsed with Good\u00adLife\u2019s track record to date and its ability to conti\u00adnuously evolve its product port\u00adfo\u00adlio to meet the needs of its clients. The company has a diver\u00adsi\u00adfied offe\u00adring with further growth poten\u00adtial to be tapped in the coming years. We look forward to working with Dirk and the team to grow the company on a solid foundation.<\/p>\n Sander van Keken, Part\u00adner at Egeria<\/strong>, stated, \u201cIt was a real plea\u00adsure to work with Dirk, Kamiel, Willem and the entire Good\u00adLife orga\u00adniza\u00adtion. We are proud that under our leader\u00adship Good\u00adlife has evol\u00adved from an outsour\u00adced company focu\u00adsed prima\u00adrily on the Bene\u00adlux to a Euro\u00adpean company with a much broa\u00adder range of frozen snacks.\u201d<\/p>\n About Egeria<\/strong><\/p>\n We are prag\u00adma\u00adtic and ratio\u00adnal inves\u00adtors who do not shy away from chal\u00adlenges. We always perform at our best when we can add value through colla\u00adbo\u00adra\u00adtion and growth. We are a value-added part\u00adner every step of the way \u2014 with entre\u00adpre\u00adneurs, manage\u00adment teams or our large network of indus\u00adtry experts.<\/p>\n Our roots are in private equity, which remains the core of our busi\u00adness today. We have a passion for working with ambi\u00adtious entre\u00adpre\u00adneurs and execu\u00adti\u00adves to accom\u00adpany our port\u00adfo\u00adlio compa\u00adnies on their growth and deve\u00adlo\u00adp\u00adment path \u2014 orga\u00adni\u00adcally as well as through targe\u00adted acqui\u00adsi\u00adti\u00adons. We focus on compa\u00adnies with growth and deve\u00adlo\u00adp\u00adment poten\u00adtial in BENELUX and DACH with enter\u00adprise values up to \u20ac350 million.<\/p>\n