Swedish investment firm Fidelio is set to acquire Nordic Capital’s majority stake in Greenfood, a fresh-produce group. Financial terms were not disclosed. Fidelio has held a minority stake in Greenfood for almost 15 years, with management and employees now holding the remaining minority shares. The transaction will support Greenfood’s accelerated international expansion, focusing on healthy, affordable, and sustainable food offerings in Europe and the US.

Since Nordic Capital became the majority shareholder in 2016, Greenfood has nearly doubled its revenues to Skr5.6bn ($580.3m). The CEO of Greenfood Group & Picadeli, David von Laskowski, expressed confidence in accelerating growth and innovation with Fidelio. The deal is expected to close in the second half of the year, pending regulatory approvals and closing conditions.

Greenfood, formed in 2015 through a merger and subsequent acquisitions, supplies customers in multiple countries including Sweden, Finland, Denmark, Norway, and the US. The company’s sourcing operations extend to Spain. The majority stake acquisition by Fidelio marks a significant development in Greenfood’s growth strategy and market presence.

Read more at Yahoo Finance: Greenfood majority stake changes hands