Partners Group picks up German caterer Hofmann Menü from Gilde Buy Out Partners


Hofmann MenuSwitzerland-based alternative asset manager Partners Group has agreed to buy German catering services business Hofmann Menü Manufaktur from Gilde Buy Out Partners.

The company, which provides outsources catering services to organisations such as schools, retirement homes and hospitals, employs about 1,000 staff across its German and Austrian sites.

Partners Group private equity team partner Jürgen Diegruber said, “We are very excited to invest into this high-potential company for our clients and look forward to working with the existing management team, which has a successful track record spanning more than 10 years.

“Hofmann Menü enjoys strong brand recognition and loyalty across its global customer base.

“Our significant sector experience will allow us to support the company’s growth strategy while we leverage our global network to identify potential new clients and assist Hofmann Menü in its envisaged national and international expansion.”

Earlier this month Partners Group revealed it had raised more than $800m for its private credit and debt strategy.

The investor said it continued to see client demand for the private debt market, with its Private Market Credit Strategies programme one of its core strategies.

Copyright © 2013 AltAssets