Vinge is advising Altor Fund II G.P and management sellers in connection with the divestment of Euro Cater to reinvesting employees and Intermediate Capital Group plc (ICG). Euro Cater is a leading Nordic food service company, distributing food and non-food products to hotels, restaurants and other professional kitchens. Euro Cater conducts operations in Denmark and Sweden and has around 1,750 employees. Altor invested in Euro Cater in 2006, and since then Euro Cater’s EBITDA has increased from DKK 200 million to DKK 500 million. The transaction is subject to approval of relevant competition authorities.
The Vinge team acts as local counsel to the sellers in the transaction, and includes partner Bo Adrianzon and associates Johan Steen, Ulrich Ziche, Oscar Rydén and Karin Isacson.