The von-Allwoerden-Group as leading quick service and bakery chain in Northern Germany, has entered into a far-reaching strategic partnership with EDEKA Handelsgesellschaft Nord. Network Corporate Finance advised the von-Allwoerden-Group and its shareholders exclusively on the transaction.

Transaction

EDEKA Nord acquires a significant minority stake in the von-Allwoerden-Group. The EDEKA subsidiary Dallmeyers Backhus which operates around 100 bakery stores in Northern Germany, is going to be integrated into the von-Allwörden-Group. The two transactions form the basis for a far-reaching strategic partnership between EDEKA Nord and the von-Allwoerden-Group.

Previously, NETWORK already advised the managing partners of the von-Allwoerden-Group in the context of an owner buyout and structured the financing.

Company

With its more than 380 locations (2018), the von-Allwoerden-Group is the leading quick service and bakery chain in Northern Germany. The company with its brands "von Allwoerden", "Nur Hier", "Knaack", "Unser Norden Landbaeckerei" and "franz & friends" was able to rise to the German top 5 quick service systems as well as bakery chains in recent years. The transaction creates, with more than 480 locations, the fourth-largest quick service system and the third-largest bakery chain in Germany.

For additional information on the von-Allwoerden-Group: www.von-allwoerden.de