Intermediate Capital Group, the specialist asset manager, today announces it is financing the acquisition of Van Geloven by TowerBrook alongside Investec Bank and KKR.
The acquisition of Van Geloven by TowerBrook, which was signed today, was supported by a Unitranche coordinated and lead arranged by ICG, alongside other MLAs Investec Bank and KKR. Rabobank are providing a super-senior RCF as part of the financing.
Van Geloven, is a Netherlands based supplier of a full range of frozen convenience snacks and foods across a diverse brand family, including the iconic Mora brand – the most popular snacks brand in the Benelux.
Van Geloven will pursue a consolidation strategy, alongside international expansion, in what is a fragmented market across Europe and an Accordion facility will be available to support follow-on acquisitions.
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