Management and Equistone acquired Group of Butchers from Nordian
Management of Group of Butchers and Equistone Partners Europe acquired Group of Butchers from Nordian Capital Partners and management. With Equistone as new shareholder, Group of Butchers will further strengthen its position in the processed meat industry.
PhiDelphi acted as advisor to the founders and management team of Group of Butchers. Nick Visser and Wilbert Wolfs, founders and CEOs of Group of Butchers: “PhiDelphi carefully handled our interests as sellers and investors towards Nordian and Equistone. This has resulted in favourable transaction terms, without endangering the chances of a successful transaction.”
Joris Heerkens, partner of PhiDelphi: “We have had the pleasure of assisting Group of Butchers management by negotiating the terms for management with Equistone. These terms will form the basis for continuing growth of the company.”
Group of Butchers (www.groupofbutchers.com) is a producer of high-quality meat products. Products include beef deli-meat, deluxe cooked ham, steak tartare, meatballs and smoked sausages. The company realises a turnover of EUR 125 million with around 350 employees in six locations in the Netherlands and Belgium.
Equistone (www.equistonepe.com) invests in mid-market companies in Western-Europe with an enterprise value up to EUR 300 million. Equistone has a portfolio of 45 companies located in France, Germany, the United Kingdom and the Netherlands.
Nordian Capital Partners (www.nordian.nl) is a Dutch mid-market private equity firm, evolved from Rabo Capital. It has currently 13 companies in portfolio and assists management teams in realising growth plans.