Van Lanschot Participaties acquires non-controlling interest in Market Food Group
July 22, 2016
Yuno Advisors acted as advisor in the acquisition of a non-controlling interest in Market Food Group (MFG), owner of franchises such as ‘t Stoepje and Le Perron, by Van Lanschot Participaties (VLP).
Market Food Group is a leading Dutch company in the artisan bread and pastry segment with a broad range of strong brand franchises such as ‘t Stoepje and Le Perron. Le Perron is an award-winning organic and artisanal franchise formula and currently has around 60 points of sale throughout the Netherlands. Besides Le Perron, Market Food Group also owns ‘t Stoepje franchise formula, which is well-known across the country and has grown to 130 franchisees with over 600 locations.
Market Food Group sells artisan, healthy, sustainable and sugar-free products to both business customers and consumers. Looking beyond its current product range, Market Food Group is constantly working on new and innovative products and formulas such as gluten-free, Low Carb, TEFF and cholesterol-lowering bread products. Market Food Group has realized healthy growth in the past few years and the group generated consumer sales of more than €100 million in 2015.
VLP is a 100% subsidiary of F. van Lanschot Bankiers, managed by Kempen Investments. Over the past three decades VLP has built a track record of more than 100 equity participations, and is characterised by a long investment horizon without exit pressure as well as acquiring minority stakes. With the entry of VLP as a non-controlling shareholder, Market Food Group (which was largely management-owned prior to the transaction) widens its shareholder base with a shareholder that support its growth strategy towards the future.
Click here to view the original (English) press release by VLP and MFG.