Network Corporate Finance exlusively advised Abbelen GmbH on the successful structuring of the acquisition debt.
|Industry:||Retail & eCommerce|
|Project type:||Debt Advisory|
Network Corporate Finance structured and raised the acquisition debt for Abbelen GmbH, previously acquired by DBAG Fund VII, a private equity fund advised by Deutsche Beteiligungs AG, under the More than Meals concept. The very flexible and cost-effective financing concept includes different components (inter alia covenant-free bank debt) which also finance the future growth of the company.
Abbelen GmbH, with revenues of 140 million Euros, is the largest private-label manufacturer of chilled meatballs and ready-made burgers in Germany. The company produces convenience meat products at its state-of-the-art meat processing factory in Tönisvorst (North Rhine-Westphalia) with c. 600 employees and supplies all large supermarket and discounter chains in Germany and neighbouring countries.
For additional information on ABBELEN: www.abbelen.com