IMAP Germany advised the shareholders of the food wholesaler PROHOGA on the sale of a majority stake to Rieker Investment GmbH. The previous owners will keep a minority stake and remain as advisors in the company.
PROHOGA Group is a successful food wholesaler and service company with a focus on hotels and restaurants in Southwestern Germany. PROHOGA operates two Cash & Carry stores as well as its own delivery fleet and employs approx. 200 people.
Rieker Investment GmbH is owned by the Rieker family, well-known for the shoe brand of the same name. Rieker Investment focuses on long-term investments in mid-sized companies in a variety of industries.
The shareholders of PROHOGA were exclusively advised by IMAP Germany.
The Italian Ariston Thermo Group (Ariston) has acquired the majority of shares in Kesselheld GmbH (Kesselheld), one of the leading digital start-ups in heating installations in Germany.
Read the Chairman's Letter introduction to the Coronavirus special edition of IMAP's publication, Creating Value.