Bridgepoint in €585m deal

Michael Bow
Follow Michael
PRET a Manger owner Bridgepoint yesterday beat off stiff competition to buy AHT Cooling, which supplies fridges and freezes to supermarkets including Lidl and Aldi.

The private equity firm will pay €585m to Quadriga Capital and Partners group to takeover the Austrian-based company.

City A.M. understands the deal is backed by about €280m of senior debt, a further sign of resurgent lending to financial sponsors.

A host of other firms were in the running to buy AHT, including trade buyers.

Bridgepoint’s Marc Zugel said: “AHT is at an attractive point in its development given the already solid continued growth of its core product offering.”