Funds managed by Gilde Buy Out Partners have acquired the majority in the Eismann Group, a Mettmann, Germany-based provider of frozen food home delivery services for an undisclosed sum.
The current minority shareholder Intermediate Capital Group will sell its entire shareholdings to the new investor.
Following the investment, the management, led by CEO Dr. Frank Hoefer, will remain in the company with a significant stake.
Gilde will help Eismann strengthen the home market Germany as well as enhance its international activities.
Founded in 1974, the Eismann Group delivers directly to households over 700 products, distributed in Europe and Brazil via a network of more than 220 distribution centers.
The company currently has a workforce of approximately 4,800 employees and independent partners.