Recent deal

Goldman Sachs to acquire Continental Bakeries

July 26, 2016 – Goldman Sachs Merchant Banking Division and Silverfern announced the intended acquisition of Continental Bakeries from NPM Capital. Continental Bakeries is a leading European bakery group specialized in the production of private label biscuits, bread replacements and toasts. Lexence advised the management of Continental Bakeries on the takeover (LBO).

Expertise

Corporate / M&A

Joost

Kolkman

Hendrik

Bennebroek Gravenhorst

“We are delighted to welcome Goldman Sachs Merchant Banking Division and Silverfern as our new shareholders. With the strong support of our new shareholders we are uniquely positioned to accelerate our growth plan and expand our footprint delivering our strategic plan. I look forward to working closely with them as we continue to expand this great business further in its current home markets and beyond”, says Ruud van Henten, CEO of Continental Bakeries.

“Together with the management team and the successful execution of five add-on acquisitions we have transformed Continental Bakeries into a leading private label European Bakery goods platform focused on biscuits, bread replacements and toasts with significant scale in its market segments and a truly European customer base. We would like to thank the whole management team for the exceptional contribution during our ownership”, says Johan Terpstra, Investment Director at NPM Capital.

“We are impressed by the quality and the strength of the platform that the management team and employees have built with Continental Bakeries”, says Mike Ebeling, Managing Director in the Goldman Sachs Merchant Banking Division. “We see significant potential for Continental Bakeries to accelerate its growth path and to act as a consolidator of the fragmented European baked goods industry. We are excited to be supporting the company’s growth ambitions both organically and through acquisitions.”

Final agreement on the transaction is expected shortly after completion of the applicable employee consultation procedures and closing of the transaction will be subject to customary regulatory clearances. William Blair acted as exclusive financial advisor to NPM Capital and OXEYE Advisors as exclusive financial advisor to the Goldman Sachs Merchant Banking Division and Silverfern. Nielen Schuman acted as debt arranger.

For questions about this topic, Please contact:

Recent deal
Lexence has assisted Circular IT with the acquisition of NEG Group
Recent deal
Lexence has assisted Waterland Private Equity on the acquisition of Aliter Networks
Publication
GLI – International Arbitration 2022 | Netherlands
Recent deal
Lexence has advised Calm Investments on the acquisition of Krakend Vers B.V.
Recent deal
Lexence has assisted the shareholders of Ambi Pack B.V. in the sale of Ambi Pack B.V. to Naturacare Group
Recent deal
Lexence has advised Life Style Technologies on the sale of StyleShoots to Profoto
Recent deal
Lexence has advised the shareholders of Fast Forward Freight Holding (FFF) with the sale of FFF to EV Cargo
Recent deal
Lexence has advised the shareholders of Danser Group B.V. with the sale of its shares in Danser Group to Blue Ocean Capital
Recent deal
Lexence advised sellers with the sale of NTOC to Inomed Technology
decorative image
Press release
Lexence celebrates 30 years with new positioning
Recent deal
Lexence advised Calm Investments on the acquisition of Koekjesbakkerij Veldt
Recent deal
Lexence has advised H2 Equity Partners and the other shareholders of Unified Holding with the sale of Unified Holding to Odin Groep and the reinvestment in the combination
Recent deal
Lexence advised the Dutch investment company Standard Investment on the purchase of the Benelux branch of Staples
Recent deal
Lexence assisted Standard Investment with the acquisition of the “Automated Packaging Solutions” business of Quadient
Recent deal
Lexence has advised Calligaris S.p.A. (a portfolio company of Alpha Private Equity) on its acquisition of IPDB B.V. and its subsidiaries (“Fatboy”)
More news