Invision and NORD Holding invest in KADI AG
Invision and NORD Holding are new majority shareholders of KADI AG, a leading manufacturer of refrigerated and frozen products. The management team, led by CEO Christof Lehmann, remains in office unchanged and reinvests alongside Invision and NORD Holding. The transaction ensures the long-term independence and continuity of the Swiss frozen food specialist.
Invision and NORD Holding acquire the majority stake in KADI with management reinvesting alongside into the company.
“We are highly enthusiastic about KADI as an innovative premium supplier of convenience products and look forward to supporting management on their well established growth-path”, said Marco Martelli, partner at Invision.
“The outstanding market position that KADI has earned through hard work, innovative products and consistently providing high quality has always impressed us. We see great potential and look forward to the next chapter”, said Philipp von Mitzlaff, member of the Member of the Investment Committee at NORD Holding. “We have confidence in Mr. Lehmann and his team and are looking forward to further developing the company together in partnership with the management and our coshareholders”.
KADI CEO Christof Lehmann: “This step means the seamless continuation of a long-term corporate development strategy. With the new shareholder Invision, we are very pleased to have an experienced and entrepreneurial investor from Switzerland and with NORD Holding a long-term-oriented shareholder who together guarantee our independence and support our production site in Langenthal and all our employees”.
KADI AG manufactures refrigerated and frozen products and is based in Langenthal. It employs 180 people and generates sales of over CHF70 million. The company produces around 270 different items, which are used every day in over 10,000 restaurants in Switzerland. As an independent company in the food industry, KADI is well positioned in the market with its strong focus on innovation and high product quality. For more than twenty years, KADI has hosted the “Golden Chef”, the most important cooking contest in Switzerland. In 2014, the company joined the Business Energy Agency with the aim of reducing its electricity consumption and CO2 emissions by 2 percent per year. The company was founded as a potato flakes factory in 1951.
For further information, please visit: www.kadi.ch
Since its foundation in 1997, Invision has become one of the leading investment companies for succession situations and growth financing in Europe. Over this period, INVISION has invested over €750 million in equity capital in more than 50 companies, achieving sustainable value creation. Invision is a dedicated and entrepreneurial partner to founders, entrepreneurs and management teams. For all its investments, Invision places emphasis on thoroughly understanding the specific needs of the company as well as its founders, developing individual and tailor-made solutions. INVISION invests into established midsized companies while focusing on succession cases.
For further information, please visit: www.invision.ch
About NORD Holding
With its 50-year history and over € 2.0 billion Assets under Management, NORD Holding is one of the leading Private Equity Asset Managers in Germany with a focus on direct and fund investments.
The direct investments division of NORD Holding focuses on structuring and financing company succession models, acquiring parts of larger groups/subsidiaries as well as on expansion financing of medium-sized companies. In contrast to most other financial investors, who only manage closed-end funds, NORD Holding acts as a so-called "evergreen fund", thereby investing from its own balance sheet with no maturity restrictions. Currently, the fund has interests in more than 15 companies in the DACH region.
The fund investments division targets the small- and mid-cap segment of the European private equity market through primaries, secondaries and co-investments.
NORD Holding has a strong focus on emerging buyout managers, hands-on investment strategies and regularly acts as an anchor investor. The division manages € 1.3 billion and ranks among the top decile fund investment groups in Europe.