TowerBrook completed the acquisition of a majority stake in IDAK Food Group from Invision and NORD Holding for c. €550m.

TowerBrook, an investment management firm, completed the acquisition of a majority stake in IDAK Food Group, a Switzerland-based premium frozen food manufacturer, from private equity firms Invision and NORD Holding for c. €550m. “We are delighted and proud to have gained such a renowned investment company as a new majority shareholder in TowerBrook. This step confirms and continues our successful strategy. With its extensive expertise and international business excellence, TowerBrook is the ideal partner to support us in our next development steps and growth targets,” Christof Lehmann, IDAK Food Group CEO.