Rantum Private Debt Fund III invests into senior secured term loan for a leading food company
Rantum Private Debt Fund III has invested into a senior secured term loan for a food producing company with roots in the German-speaking region and a leading market positioning in several geographical areas around the globe. The company owns and operates a number of well-known brands and is looking back on a long-term successful track record with strong profitability. The loan served to finance a strategic add-on acquisition.
Dr. Hans-Joachim Körber, Rantum’s Industrial Partner for the Food & Beverage industry and formerly long-term CEO at leading German retailer Metro, commented: “Rantum is pleased to provide senior financing for this market leading borrower. The investment hypothesis is centred around three key pillars. Firstly, Rantum takes a generally positive view on the specific niche of the food industry that the borrower is active in. Secondly, the past performance as well as the current trading of the company underlines its strong credit quality also during these times with a challenging macro-economic environment. Thirdly, the loan is senior secured and has an attractive pricing from a risk/reward perspective.”