Acquisition stake in Market Food Group by Bolster
July 1, 2019
Yuno Advisors acted as advisor in the sale and purchase of the remaining interest in Market Food Group (MFG) by its shareholders Bolster Investment Partners (Bolster) and the management.
MFG is a leading Dutch company in the artisan bread and pastry segment with owned franchise concepts ‘t Stoepje and Le Perron. Since 1979 MFG has been active on markets with the renowned concept ‘t Stoepje. Since then this concept has grown to 130 franchisees as of today, who are active on over 600 locations throughout the country. ‘t Stoepje recently launched a new 2.0 concept which is being rolled-out across the country. Le Perron is an organic and artisanal franchise formula active throughout the Netherlands, and has partnered with catering company Albron in 2019 for further roll-out of the concept. MFG generates consumer sales of more than €100 million.
Bolster is a private equity fund that has been active since 2017, and evolved from the captive investment company of Van Lanschot Kempen, and as such has built a track record of more than 100 realised equity participations. Bolster invests in extraordinary Dutch-based companies with a sharp focus and a proven business model, and invests both in minority and majority stakes. As a result of this transaction, Bolster currently holds a 60% shareholding in MFG while the remaining shares are in hands of the management.
Yuno Advisors advised all shareholders to realise the transaction. Our advisory concerned the valuation and structuring of the transaction as well as co-ordination of the deal negotiations. Furthermore, Yuno Advisors supported the external funding process by the purchasers.