Rantum Capital completes financing for Natsu Foods
- Sep 03, 2015
Press release – Frankfurt, 3 September 2015
Natsu is the largest Sushi and convenience food producer in Germany
Capital will be used to finance an add-on acquisition in the Netherlands
Rantum fund continues to find attractive deals in the German Mittelstand
Just weeks after the formal launch of its maiden fund, Rantum Private Debt Fund I, Frankfurt-based asset manager Rantum Capital has completed another fund investment – a subordinated loan to Natsu Foods, Germany’s largest producer of Sushi and other convenience food products such as salads, soups and wraps, all with purely fresh ingredients. The capital will be used to finance Natsu’s acquisition of QiZiNi, the market leading sandwich producer in the Netherlands.
Rantum Capital Chairman Joachim Hunold commented: “We are very pleased to support Natsu’s growth by financing the profitable add-on acquisition of QiZiNi, which is a strong strategic fit with Natsu’s successful core business and will facilitate market entry in the important Benelux market. Natsu and the entrepreneurs, brothers Tim and Tom Hörnemann, have our full backing and we are looking forward to a fruitful long-term partnership”.
Natsu CEO Tim Hörnemann added: “We appreciated the diligent, but time-efficient investment process of the Rantum team which enabled us to move quickly to secure the acquisition. We very much identify with Rantum’s approach ‘by entrepreneurs, for entrepreneurs’ and are looking forward to growing our business with the backing of Rantum Capital and its industrial partners.”
With the investment, Rantum continues to invest in subordinated loans with all cash coupons in growing businesses in a need for extra capital for unique situations like growth, generational handovers, M&A or repurchase of minority shareholders. Dr. Dirk Notheis and Marc Pahlow, Managing Directors of Rantum Capital, observed that many Mittelstand companies need finance for growth but are not prepared to share voting rights with private equity: “Our deal flow is strong as banks have retreated from providing subordinated and mezzanine capital and private equity is in most cases unable to fill the gap. There are many ’hidden champions’ in the German Mittelstand, market-leading companies with modest leverage on their balance sheets but a need for a slice of equity surrogates. Our approach with industrial partners is highly attractive to them.”
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