October 10, 2018 | Deals

GCA Altium advises Unternehmensgruppe Theo Müller on the sale of Nordsee to Kharis Capital

GCA Altium acted as exclusive financial advisor to Unternehmensgruppe Theo Müller S.e.c.s. and its subsidiary HK Food GmbH on the sale of Nordsee Holding GmbH to Kharis Capital.

Nordsee was founded in 1896 and is one of the largest players in the Quick Service Restaurant (QSR) sector and a leading European fish and seafood brand. Nordsee employs over 6000 people and serves around 20m customers in its network of c.350 restaurants mainly in Germany and Austria.

Kharis Capital is a family-backed investor in the consumer sector, with a dedicated focus on the QSR market. Through various entities, it currently controls close to 550 restaurants across three brands – Burger King, Quick and O’Tacos – in Italy, Belgium, Luxemburg, France and Poland.

Heiner Kamps, Chairman of the Supervisory Boards of Unternehmensgruppe Theo Müller and Nordsee, commented: “To facilitate the refocus on our core activities – the production of dairy as well as delicatessen salads and dressings – we have decided to divest Nordsee. With its business in good shape, we are convinced that Nordsee will continue to flourish under new ownership.”

Daniel Grossmann and Manuel Roumain, co-founders of Kharis Capital, added: “We are extremely happy to welcome Nordsee to our platform of leading QSR brands. Nordsee comes with a tremendous heritage and expertise in the healthy fish segment of the market. The acquisition of Nordsee is a key milestone for Kharis on its path to becoming a leading pan-European QSR player.”

This transaction is GCA Altium’s latest in the food and beverage sector, having recently advised Muscle Food on an investment from BGF, Sapore di Mare on its sale to Edmond de Rothschild Investment Partners and Piper on the sale of Loungers to Lion Capital.

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