Akin advised Mubadala Capital and its portfolio company Thrive Foods, a leading manufacturer of freeze-dried products, in its agreement to acquire Groneweg Group, otherwise known as Freeze-Dry Foods, a global manufacturer and supplier of freeze and air-dried ingredients.
Mubadala Capital is the wholly owned asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi, UAE.
The combination of Thrive Foods’ product suite with Groneweg’s freeze-dried offerings is expected to provide customers with a globally diversified chain of drying locations, robust quality control and an efficient distribution network.
The Akin team was led by private equity partners Amy Wollensack and Daniel Tavakoli and included tax partner Menachem Danishefsky and associate Emily Grassett.
More details on the transaction can be found here.