EMRAM: Frostkrone takes over Innovate Foods

Kirk­caldy, Scotland/ Munich — Shear­man & Ster­ling has advi­sed Frost­krone Food Group (Frost­krone), a port­fo­lio company fund advi­sed by EMERAM, on the finan­cing of its add-on acqui­si­tion of Inno­vate Foods.

Inno­vate Foods, based in Kirk­caldy, Scot­land, manu­fac­tures frozen finger foods and snacks for the whole­sale, retail and food service markets. Foun­ded by Tony Dumbreck, the company is one of the leading finger food manu­fac­tu­r­ers in the UK.

EMERAM is an inde­pen­dent Munich-based invest­ment company for German-spea­king medium-sized compa­nies. Funds advi­sed by EMERAM provide capi­tal for the further deve­lo­p­ment of compa­nies with a fund volume of €400 million. EMERAM sees itself as a long-term busi­ness deve­lo­p­ment part­ner for compa­nies in the three areas of Consu­mer, Services and Tech­no­logy. — Shear­man & Ster­ling regu­larly advi­ses EMERAM on finan­cing transactions.

Advi­sor to EMERAM: Shear­man & Sterling
Part­ner Winfried M. Carli and Asso­ciate Andreas Breu (Germany-Finance).

About Shear­man & Sterling
Shear­man & Ster­ling is an inter­na­tio­nal law firm with 24 offices in 13 count­ries and appro­xi­m­ately 850 lawy­ers. In Germany, Shear­man & Ster­ling is repre­sen­ted at the Frank­furt office. The firm is one of the inter­na­tio­nal market leaders in advi­sing on complex cross-border tran­sac­tions. World­wide, Shear­man & Ster­ling prima­rily advi­ses inter­na­tio­nal corpo­ra­ti­ons and large natio­nal compa­nies, finan­cial insti­tu­ti­ons, and large mid-sized compa­nies. For more infor­ma­tion, visit www.shearman.com.