10 December 2015

AAC Capital Partners sells Salad Signature Group to IK Investment Partners

De Brauw has assisted AAC Capital Partners in reaching an agreement to sell Salad Signature, the leading manufacturer of spreadable salads in the Benelux, to IK Investment Partners.

With a history dating back to 1962, Salad Signature is a leading food franchise brand in the categories of fresh spreads, dips and salads, selling its products through private labels and as its own brand. Salad Signature has built a strong brand portfolio including Hamal, VH, Le Cobourg and Délio in Belgium, and Johma and Westland in the Netherlands. It also has an emerging international presence in France, Scandinavia, the UK, Germany, and Poland. In 2015, Salad Signature generated EUR 176 million in revenue and employed approximately 490 people.

In 2012, De Brauw also advised AAC Capital Partners on the acquisition of Salad Signature and its subsidiaries from Gilde Equity Management (GEM) Benelux.

Arne Grimme led the M&A team.