mynth
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07/2024

TOWERBROOK

takes majority stake in

IDAK FOOD GROUP

SWITZERLAND Food Processing / Food Products REV 100M - 200M CHF

Context

The IDAK Food Group is undergoing a change of ownership, with TowerBrook Capital Partners replacing Invision and Nord Holding as the new majority shareholder. The investment aims to strengthen IDAK's rapidly growing capital base, supporting the company's growth plans and further acquisitions in Europe. The well-established management team around IDAK Food Group CEO Christof Lehmann will retain a broad-based minority stake in the company, ensuring continuity in management and maintaining the company's corporate principles. The deal is subject to regulatory approval and is expected to support IDAK's expansion in the European market, with a focus on establishing the company as the leading pan-European premium frozen food group. The partnership between IDAK and TowerBrook is expected to drive growth and value creation, with TowerBrook's expertise and international business excellence providing a strong foundation for IDAK's next phase of development.

IDAK FOOD GROUP, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.6x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

IDAK Food Group is a Swiss-based platform specializing in premium frozen foods. It operates through three strategic pillars: "Pizza & Snacks" (via Margherita S.p.A in Italy), "Potato Snacks" (via KADI AG in Switzerland), and "Bakery & Pastry". Majority-owned by TowerBrook Capital Partners since September 2024, IDAK is executing an aggressive pan-European buy-and-build strategy to consolidate the fragmented frozen food market.

Ent. Value

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Multiples

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EV / EBITDA

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EV / EBIT

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Historical Financials (CHF)

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2022
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2021
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Other operations with IDAK FOOD GROUP

DateAcquirerTargetCountrySectorDeal Context
ONOREFRANCEFood Processing

IDAK Food Group entered exclusive negotiations to acquire a majority stake in Onore from Waterland Private Equity and the management team. The transaction creates a diversified European leader in premium frozen food, combining IDAK's strengths in Switzerland and Italy with Onore's leadership in France and the UK. The management of Onore will reinvest in the new structure and continue to lead the division. The deal is expected to close in H1 2026 and represents IDAK's third major acquisition under TowerBrook's ownership.

REFERENCES

Revenue range: 100M - 200M CHF

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of IDAK FOOD GROUP by TOWERBROOK are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: idak food group

Acquirer: towerbrook