Kirkland Aids Dutch PE Fund On Frozen Food Co. Stake

Law360, New York (November 30, 2011, 7:20 PM EST) -- European private equity investor Gilde Buy Out Partners has acquired control of frozen food distributor Eismann Group by buying a stake from minority shareholder Intermediate Capital Group PLC, according to an announcement Wednesday.

Gilde Partners, which manages funds in excess of €2 billion ($2.7 billion), is a typical example of the type of investment the firm targets. The equity holder will remain committed to Eismann's long-term expansion plan, according to the companies.  The sale price for the deal was not disclosed.

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