SPAR acquires majority stake in The Tosti Club

Yuno Advisors advised SPAR Holding – one of the leading Dutch food retailers – in the acquisition of a majority stake in The Tosti Club, a prominent fast casual tosti concept within the Netherlands.

The Tosti Club (www.thetosticlub.nl) pioneered in the casual tosti segment with its first store in Breda in 2015, and has since grown to 10 venues in The Netherlands of which two are already operated within SPAR (Zwolle and Arnhem). The other venues are located in Breda (2x), Den Bosch, Leeuwarden, Middelburg, Nijmegen, Nuland, and Rotterdam. The Tosti Club offers a story tell concept that captures the enduring consumer needs of authenticity and quality products, combined with swift and easy service. In addition, with its broad assortment of tosti’s and complementary products The Tosti Club is strongly positioned in delivery and on-the-go products.

SPAR Holding has over 450 franchise locations and 420 own employees in The Netherlands, generating consumer revenues of €671 million in 2019, a 23% year-on-year growth. Internationally, SPAR-Group has a worldwide storebase of 13,320 venues, and revenues of €37 billion. Within The Netherlands SPAR employs a multi-format strategy with five separate store concepts; SPAR neighborhood, SPAR city, SPAR enjoy, SPAR university, and SPAR express. With these different store types SPAR has a local market approach with consumer experience and convenience as focal points. With the acquisition of a majority stake in The Tosti Club SPAR emphasizes its ambition to further grow its foodservice proposition and make the tosti into a signature product. The Tosti Club will be rolled out within SPAR’s venues in the coming years, on the basis of different modules depending on the various store types and locations.

Yuno Advisors advised SPAR as exclusive advisor in the entire acquisition process. Our advisory included among others the structuring of the transaction, valuation, creation of a joint business plan and multi-year financial model, the drafting of the letter of intent, due diligence and deal negotiations.

Click here to view the original (Dutch) press release by SPAR.