Frankfurt am Main – Mayer Brown advises Thrive Freeze Dry (Thrive), a global manufacturer of frozen food products, on the acquisition of its European competitor Paradiesfrucht. Thrive is a portfolio company of Entrepreneurial Equity Partners (e2p) and Mubadala Capital.

Thrive is an industry leader in freeze-dried products, including fruits, vegetables, proteins, candies, pet treats, probiotics, enzymes and ready-made meals. The company currently has production facilities in California, Utah, New York, Wisconsin and Texas (USA), Canada, Germany and Peru. 

Paradiesfrucht GmbH is a leading European manufacturer of freeze-dried fruit, fruit preparations, drops, powders and granulates based in Salzwedel. With state-of-the-art production facilities, the company offers a wide range of freeze-dried fruit products and has thus secured a significant position on the European market. The company's product range includes freeze-dried fruit, snacks and specialty food ingredients.

e2p is a private equity firm based in Chicago, USA, that focuses on investments in the food and consumer goods industry. The e2p team includes experienced executives and investors from the food and consumer goods industry.

Mubadala Capital is the asset management subsidiary of Mubadala Investment Company, a leading global sovereign investor headquartered in Abu Dhabi, UAE. Mubadala Capital has approximately USD 20 billion in total assets under management across its own investments and third-party capital vehicles on behalf of institutional investors.

The team, led by Adam G. Arnett (Partner, Chicago, Corporate & Securities) and Carsten Flaßhoff (Partner, Düsseldorf, Corporate & Securities), also includes Dr. Jan Streer (Partner, Düsseldorf, Corporate & Securities), Christoph Crützen (Partner, Düsseldorf, Intellectual Property), Christian Horstkotte (Partner, Düsseldorf, Antitrust), Volker Junge (Partner, Frankfurt, Tax), Dr. Jürgen Streng (Counsel, Düsseldorf, Real Estate), Björn Vollmuth (Counsel, Frankfurt, Employment & Benefits), Susan Günther (Counsel, Frankfurt, Tax), Teresa Gerhold-Kempf (Senior Associate, Düsseldorf, Antitrust), Max Birk (Senior Associate, Frankfurt, Finance), Wolfgang Löffler (Associate, Düsseldorf, Corporate & Securities), Lars Schinkel (Associate, Düsseldorf, Corporate & Securities), Konstantin Kühn (Associate, Frankfurt, Employment & Benefits), Alexander Balan (Associate, Düsseldorf, Intellectual Property), Thomas H. Horenkamp (Partner, Chicago, Corporate & Securities) and Patrick Mock (Associate, New York, Corporate & Securities). 


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