Milbank LLP has advised the German office of Pemberton, the diversified asset manager, on the refinancing of the frostkrone Group and on the financing for the acquisition of the Rite Stuff Foods Group by frostkrone Group. For this purpose, Pemberton provides a Unitranche term facility. In addition, Berenberg is participating in the total financing with a super senior term facility and a revolving facility.
Pemberton provides long-term financing to growth companies across Europe. It covers the German-speaking region out of its Frankfurt-based subsidiary and ranks as one of the most active private debt funds in Germany.
The German frostkrone Group is a portfolio company of EMERAM and a leading supplier of frozen convenience food products in Europe. Founded in 1997, the company has more than 200 employees and four production facilities. frostkrone offers a wide range of finger food products and distributes its products online as well as in the food retail and food service sectors.
EMERAM Capital Partners is an independent investment company for medium-sized companies in German-speaking countries with a fund volume of €350 million. The funds advised by EMERAM Capital Partners provide capital for the development of companies in the five industrial sectors of consumer goods, retail, industrial goods, services, healthcare and technology, including software.
A Milbank team led by Mathias Eisen comprehensively advised Pemberton on refinancing.
Advisor to Pemberton: Milbank LLP
Mathias Eisen (lead), Nikolas T. Koutsos, Odilo Wallner, Michael Henn (all Finance, Frankfurt), Thomas Kleinheisterkamp (Tax, Munich).
