The meatiest deal of 2016? Private equity firm buys majority steak in Dutch butcher

 
William Turvill
Follow William
Sales Of Red Meat Rise As The Atkins Diet Sweeps Britain
Group of Butchers was founded in 1997 in the Netherlands under the name Dutch Grill Specialities (Source: Group of Butchers)

A European private equity group has announced a meaty new acquisition.

Equistone Partners Europe has bought a majority stake in Group of Butchers alongside the Dutch firm’s current management.

Founded in 1997 under the name Dutch Grill Specialities and headquartered in Tilburg, Group of Butchers is a producer of high-end meat products sold at supermarkets and delivered to the out-of-home market.

Read more: Private equity giant Advent to sell remaining stake in Equiniti

Equistone has acquired the majority stake for an undisclosed sum from Nordian Capital Partners.

Group of Butchers has 350 employees working across six production sites in the Netherlands and Belgium.

The company claims to generate sales of more than €125m and has acquired five companies over the last three years.

“Group of Butchers has developed impressively, establishing itself as a leading Dutch supplier of high-quality fresh meat products,” said Equistone partner Marc Arens.

Read more: TGI Friday: Private equity company reports record returns

“This represents an excellent platform for further growth. Together with the Company’s management team, we plan to expand organically and drive consolidation in other geographies through strategic acquisitions.”

Equistone was advised by PwC, Deloitte, KPMG, HuZ, Alantra and Allen & Overy.

Related articles