Loan facility for Hiestand of CHF 245m
Swiss Capital Group advised Hiestand
Loan facility for Hiestand of CHF 245m
Sector(s) : Consumer goods
Date : October 2006
Advisor(s) : Swiss Capital
Advised : Structured Financing
Mid-Capital partner Swiss Capital Group advised Hiestand
Hiestand, one of the world's leading manufacturers of deep-frozen and convenience bakery products, has acquired German family business, Fricopan. This transaction provides Hiestand with new distribution channels, new customer groups and a new range of products. Hiestand's Board of Directors and Group Management consider the purchase of the Fricopan Group an ideal complement to and expansion of their existing business. The transaction yields an increase in earnings per Hiestand share. Fricopan was set up as a family business in 1992. Its workforce of around 750 achieved sales of almost EUR 100m with its extensive range of frozen and chilled bakery products in fiscal 2005. In addition to its core market in Germany, the company exports to more than 40 countries including the Scandinavian countries, Italy, Spain, Austria, the UK and the US.
Swiss Capital Group acted as sole financial advisor to Hiestand, including structuring and procurement of acquisition financing.
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