The partnership with ICG means that Altor Fund II GP limited ("Altor") has divested its shareholdings. ICG and the group of Euro Cater employees will acquire Euro Cater from Euro ManaCo (the current investment vehicle of Euro Cater management), Altor and inco Amba. The transaction marks the conclusion of a successful partnership between Euro Cater and Altor that commenced in 2006. The agreement reached with ICG is testament to the continued strong commitment of Euro Cater’s management and employees and establishes a platform for Euro Cater’s future international growth.
Euro Cater was established in 2006 as a partnership between Altor and key employees of the company and has since developed into a wide reaching foodservice supply business, organically and through acquisitions. In 2007 Euro Cater entered Sweden by acquiring Svensk Cater, and in 2011 the company significantly strengthened its position in Eastern Denmark via the acquisition of inco, a Danish Foodservice wholesaler predominantly operating in cash & carry. Today Euro Cater is the leading Danish foodservice wholesaler with 16 branches throughout Denmark (including two cash & carry stores), and the third largest supplier in Sweden, where it serves its customers locally from 20 branches.
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