Menigo becomes part of Brakes Group
Brakes Group, Europe´s leading foodservice group, will become the new principal owner of Menigo.
Menigo will continue to operate as an independent company in the Swedish market, while benefiting from being a part of a larger group. Like Menigo, Brakes supplies all product categories, including fresh produce, frozen foods, dry goods and non-food products and restaurant equipment. The company currently has operations in the United Kingdom, Ireland and France.
Nordic Capital Fund VI will continue to own 33 percent ownership in Menigo. The transaction is subject to approval by the European Union competition authorities.
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| Fund | Nordic Capital Fund VI |
| Portfolio Company | Menigo Foodservice |
| Date of Transaction | 2010-02-26 |
| Transaction | Trade-sale |
| Seller | |
| Buyer | Brakes Group |
| Size of Transaction | |
| Ind. Focus | Consumer |
| Geography | Sweden |
| Stage | Small/mid-cap buyout |