AS Equity Partners has signed a definitive agreement to acquire HOCHDORF Swiss Nutrition Ltd (HSN) from HOCHDORF Holding Ltd. This transaction aims to support HSN's growth as a global provider of infant nutrition and specialized food solutions.

Founded in 1895, HSN is a leading milk processor in Switzerland with annual revenues exceeding CHF 300 million. The company specializes in high-quality baby nutrients and specialized foods, utilizing advanced technology and Swiss quality standards. HSN employs over 350 people and serves both industrial and consumer markets globally.

The acquisition requires approval from a qualified majority of HOCHDORF Holding's shareholders at an Extraordinary General Meeting scheduled for September 18, 2024. The terms of the agreement have not been disclosed.

Ralph Siegl, CEO of HOCHDORF Group, expressed confidence in AS Equity Partners' interest in HSN's potential and strategic direction. He emphasized that HSN's business activities will be expanded, securing its role in the Swiss dairy industry.

Andreas Schulte, Founder and Managing Partner of AS Equity Partners, highlighted HSN's technological expertise and relevance in modern nutrition. He stated that AS Equity Partners aims to enhance HSN's strategy and performance to make it a dominant market leader.

AS Equity Partners, based in London and Zurich, specializes in investing in underperforming firms or complex carve-outs in the mid-market. The firm manages approximately €400 million in capital and employs over 8,500 people internationally.