ECM exits KADI stake to Paragon Partners

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Frankfurt-based firm ECM Equity Capital Management has exited its majority stake in Swiss frozen foods producer KADI AG to German private equity firm Paragon Partners.

ECM invested in KADI, which had sales of CHF66m last year, in 2008 from its private equity fund German Equity Partners III.

The management team is reinvesting as part of the deal and will maintain a sigifnicant stake in the business.

ECM Equity Capital director Carsten Schemmel said, “KADI’s competent and experienced management has very successfully converted the demand in the foodservice sector into growth drivers for the Company based on product innovations and complementary acquisitions.

“KADI’s management will continue the successful growth strategy with its new majority shareholder.

“We are confident that KADI will maintain its high popularity with its current and future customers.”

Last month ECM participated in the management buyout of MediFox Group in the second deal from its GEP IV fund.

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