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.
Over 90 delegates from IMAP member firms representing 32 countries congregated in Miami on October 25th - 27th for IMAP’s 2018 Fall conference. The conference was hosted by Falls River Group, IMAP’s partner firm in Florida, and was set around the theme of ‘Disruptive Innovation’.