Munich, Germany — EMERAM’s portfolio company frostkrone Tiefkühlkost GmbH (frostkrone) Rite Stuff Foods, Inc. (Rite Stuff Foods), a U.S. potato snack company. Shearman & Sterling advised frostkrone Frozen Foods on the financing of the add-on acquisition of Rite Stuff Foods, Inc. advise
EMERAM is an independent Munich-based investment company for German-speaking medium-sized companies. Funds advised by EMERAM provide capital for the further development of companies with a fund volume of EUR 350 million. EMERAM sees itself as a long-term business development partner for companies in the five sectors of consumer goods, retail, industrial goods, services and healthcare.
Rite Stuff Foods was founded in 1989 by Thomas J. Madden and is now one of the most important U.S. manufacturers of specialty potatoes, employing more than 230 people. Rite Stuff Foods is headquartered in Jerome, Idaho, and serves the grocery, food service and various restaurant markets.
Advisor frostkrone Frozen Food: Shearman & Sterling
The Shearman & Sterling team, led by partner Winfried M. Carli, included Of Counsel Steven Sherman, associates Andreas Breu and Magnus Wieslander, and Legal Assistant Constanze Herrle.
Shearman & Sterling advised EMERAM, among others, on the financing of the acquisition of frostkrone Group and on the financing of frostkrone’s add-on acquisition of French snack and finger food manufacturer Piz’wich.
About Shearman & Sterling
Shearman & Sterling is an international law firm with 22 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies. For more information, visit www.shearman.com.