Deutsche Beteiligungs AG, Frankfurt, (“DBAG”) and DBAG Fund VI, a fund advised by DBAG, acquired all shares in Dahlewitzer Landbäckerei GmbH (“DAHLBACK”), Blankenfelde-Mahlow. With more than 350 outlets operated under the brand name “Lila Bäcker”, c. 2,300 employees and sales of c. EUR 100m, DAHLBACK is the fifth largest retail bakery chain in Germany and the leading bakery company in Eastern Germany.
Network Corporate Finance exclusively advised DAHLBACK’s shareholders and DAHLBACK in connection with the transaction and the structuring of the acquisition debt.
|Industry:||Retail & eCommerce|
|Project type:||M&A , Debt Advisory|
|Description:||Sale to financial investor/ Structured financing|
Steadfast Capital and Volker Schülke, CEO and managing partner of DAHLBACK, sold bakery group DAHLBACK to Deutsche Beteiligungs AG, Frankfurt, and DBAG Fund VI, a fund advised by DBAG. Steadfast has built up DAHLBACK jointly with Volker Schülke, who will re-invest in the company and remain in his current role.
With more than 350 outlets and c. 2,300 employees, DAHLBACK is the fifth largest retail bakery chain in Germany and the leading bakery company in Eastern Germany. As an integrated bakery group DAHLBACK operates three production facilities (Gägelow, Pasewalk and Dahlewitz) serving the retail outlets and comprises of a wholesale segment under the brand RUBAVE. RUBAVE sells frozen and fresh bakery products to resellers and other business customers. The company generated sales of c. EUR 100m in 2013. DAHLBACK’s sales growth has been strong in recent years, both on a like-for-like basis as well as through acquisitions.