#Schluckwerder Gruppe

Novum Capital has sold its stake in the Schluckwerder Group, a leading marzipan, nougat and praline manufacturer for the German retail sector, to Ireland-based Valeo Foods Group, a portfolio company of private equity fund CapVest Partners. Network Corporate Finance exclusively advised the shareholders and the company on the transaction.

#Key data

Industry: Retail & eCommerce
Client: Schluckwerder Gruppe
Project type: M&A
Description: Sale to strategic investor
Date: January 2021

Transaction

With the acquisition of Schluckwerder, Valeo Foods is already implementing its 18th acquisition, thereby increasing its annual sales to approximately EUR 1.2 bn. Schluckwerder is Valeo Foods first acquisition in Germany and is intended to further consolidate the positioning in continental Europe. The management team appointed by Novum Capital will remain in place after the acquisition and will continue the successfully pursued growth strategy.
 

The Company

Founded in 1956, Schluckwerder Group is a leading German manufacturer of marzipan and nougat confectionery, which also comprises the 175-year-old Lübeck marzipan brands Erasmi and Carstens. Schluckwerder products are part of the core confectionary assortment in Germany's largest retail chains such as Lidl, Aldi, Penny and Netto and are exported to over 40 countries worldwide. The new management installed in 2019 quickly initiated a series of targeted, immediately effective developments, so that Schluckwerder achieved record sales in 2020. Schluckwerder operates three production facilities in Lübeck and Adendorf and employs 480 people.

For additional information on Schluckwerder: www.schluckwerder.de

For additional information on Novum Capital: www.novumcapital.com

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