Hofmann Menu Sale Brings in 1.8x Multiple for European Capital
January 22, 2014
European Capital announced it received proceeds of €45.8 million ($62 million) from Gilde Buy Out Partners' December 2013 sale of Hofmann Menu to Partners Group. The proceeds relate to a mezzanine facility provided to support Gilde's buyout. In addition, European Capital also co-invested in the equity alongside Gilde and the management team. For European Capital, the exit notched a 1.8x money multiple and 11.9% IRR, not including the return on its equity investment.