Novum Capital, a Frankfurt-based investment firm, has sold the manufacturer of confectionery Schluckwerder to the Irish food giant Valeo Foods. The parties have agreed not to disclose the volume of the transaction.
Schluckwerder, stands for progress and development of Marzipan, Chocolate and Chocolate Specialties for almost 60 years. The products range from classical Rumtruffles over Chocolate-Jazzies and Cookies with Colorful Sprinkles until the Marzipan Rounds with Plum in Madeira.
Valeo Foods Group is a leading international food business with growth platforms in the UK, Europe, and Ireland, each with its own diverse portfolio of leading food brands.
Novum Capital invests in small and medium-sized companies with an annual revenue of up to 200 million euros on behalf of German and international pension funds, private pension schemes and foundations. The goal of these investments is to increase the value of the company by providing growth capital and business expertise; to improve profitability in a sustainable manner for further growth financing; and to enhance the benefits of the business model.
taxess advised the sellers on tax and structural matters on the disposal of the stake.
