Equistone acquires Group of Butchers
Equistone acquires Group of Butchers
London-based mid-market private equity investor, Equistone Partners Europe, has acquired a majority stake in Netherlands and Belgium-based meat producer, Group of Butchers, from Nordian Capital Partners for an undisclosed sum.
Group of Butchers focuses on the production and distribution of meat products and brings together numerous local butcher production sites to offer a diverse product portfolio. The company is headquartered in Tilburg in the Netherlands and has a total of six production facilities in the Netherlands and Belgium.
The founders and current management team of Group of Butchers will continue to manage the company following the acquisition.
Wilbert Wolfs, joint CEO of Group of Butchers, commented: “We are looking forward to the partnership with Equistone, an experienced mid-market investor with longstanding expertise in the meat processing industry. Together we will take further steps to provide an even broader range of customers with our high-quality specialities.”
Dr Marc Arens, partner at Equistone, added: “Group of Butchers has developed impressively, establishing itself as a leading Dutch supplier of high quality fresh meat products. 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.”
The completion of the transaction is subject to competition authority approval.
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