PRINT THIS PAGE Henderson Private Capital in German buy-out 18/11/2004. Source: AltAssets. 
 Henderson Private Capital has announced the buyout of Homann Feinkost, the German market leader in the chilled and convenience food sectors from Gilde Investment Management. Homann Feinkost was originally a Gilde-backed management buy-out from Unilever in 1999.
Homann currently has sales of €260 million per year and owns brands such as Pack2Snack, Knusperecke and the MAP-based Saladbar.
Meinolf Wietbüscher, the Managing Director of Homann said, "We looked at a number of potential purchasers and believe Henderson Private Capital is able to deliver what is necessary for the business and staff moving forward. I look forward to working with the team as the company moves into the next stage of our expansion."
Walter Moldan of Henderson Private Capital added, "This epitomises the type of deal Henderson Private Capital targets. The business has the strongest brand in a high growth chilled food segment and we are backing a strong management team. Working alongside management, we intend to leverage the strengths of the company to continue its growth into adjacent chilled food product offerings as well as other European markets."
The investment in Homann Feinkost follows Henderson Private Capital's recent investments in Boat International Publications, the superyacht publication group, and Redecam Group SpA, Italy's largest cement filtration business.
Henderson Private Capital is the private equity operation of Henderson Global Investors and as of June 2004, had €1 billion under management in European private equity, Asia Pacific private equity, and Fund of Funds.
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