TowerBrook Capital Partners Expands with Sorrento Sapori e Tradizioni Acquisition
Deal News | May 05, 2025 | Fried Frank
Fried Frank advised TowerBrook Capital Partners and its portfolio company IDAK Food Group on the acquisition of Sorrento Sapori e Tradizioni, an Italian pizza snack company. This strategic acquisition allows IDAK, which specializes in premium frozen foods, to strengthen and expand its offerings in the pizza segment. The legal advisory for this deal was led by Christian Iwasko and Michelle Tong from Fried Frank's M&A and private equity team, along with finance partner Chris Barron. TowerBrook Capital Partners, the majority shareholder of IDAK, played a pivotal role in this acquisition.
Sectors
- Private Equity
- Frozen Food Manufacturing
- Legal Services
Geography
- Italy – Sorrento Sapori e Tradizioni is based in Eboli, Italy.
- Switzerland – IDAK Food Group is headquartered in Switzerland.
Industry
- Private Equity – TowerBrook Capital Partners is a private equity firm involved in the acquisition of Sorrento Sapori e Tradizioni.
- Frozen Food Manufacturing – IDAK Food Group, a specialist in premium frozen foods, is acquiring Sorrento Sapori e Tradizioni to expand its product offerings.
- Legal Services – Fried Frank provided legal advisory services in the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fried Frank | Legal Advisor | Company | Advised TowerBrook Capital Partners and IDAK Food Group on equity and finance workstreams. |
| TowerBrook Capital Partners | Private Equity Firm | Company | Majority shareholder of IDAK Food Group, involved in the acquisition. |
| IDAK Food Group | Purchaser | Company | A specialist in premium frozen foods, acquiring Sorrento Sapori e Tradizioni. |
| Sorrento Sapori e Tradizioni | Target Company | Company | An Italian pizza snack company acquired by IDAK Food Group. |
| Christian Iwasko | M&A and Private Equity Partner | Person | Led the Fried Frank team on the deal. |
| Michelle Tong | M&A and Private Equity Partner | Person | Co-led the Fried Frank team on the deal. |
| Chris Barron | Finance Partner | Person | Finance partner at Fried Frank advising on the acquisition. |