Dutch investment firm Parcom has reached an agreement to acquire Group of Butchers, a leading supplier and category captain of artisanal private label meat products, from Equistone. Parcom is committed to support management to further unlock value by focusing on integrating recent acquisitions and adding potential new acquisitions thereby expanding to other product categories.
Remko Rosman, CEO at Group of Butchers: “With Equistone as partner we have strengthened our position as leading supplier of premium meat products and expanded further geographically. Looking forward, we are very pleased with our new partner Parcom, to support us during the next phase of growth. We are impressed by the can-do mentality of Parcom and are convinced that with their support and network, we will be able to accelerate our strategic trajectory”.
According to Maurits Werkhoven, Partner at Parcom, the Company fits within Parcom’s capabilities to enhance future growth: “The management team of Group of Butchers has a strong track record for introducing premium artisanal products for the end consumer. We look forward to actively supporting this committed management team in further developing the category”.
Dr. Marc Arens, Partner at Equistone: “Over the last four years we have made several important steps to further expand the business, both organically and through strategic acquisitions in the Benelux and German markets. We are proud to have supported the management team in further developing and growing the Company in a dynamic market environment where Group of Butchers has shown resilience (especially during Covid) and proven to maintain its leadership. We thank the management team for their leadership and commitment and wish them and the full Group of Butchers organisation all the best for the future under Parcom ownership, which we believe is the right partner to support the Company’s next growth phase”.
The transaction is subject to customary approval by regulatory authorities and is expected to close later this year.
About Group of Butchers
Founded in 1997 under the name Dutch Grill Specialties and headquartered in Tilburg, Netherlands, Group of Butchers focuses on the production and distribution of high-quality meat products. The Company brings together several local butcher production sites, each producing their own specialty meat products, to cultivate a diverse product portfolio ranging from cured beef to smoked sausages and filet américain to roasted and grilled meats. The Company currently employs c.900 employees and forecasts revenues of c.€280m for 2020.
Equistone is one of Europe’s leading investors in mid-market buyouts with a strong, consistent track record spanning over 40 years, with more than 400 transactions completed in this period. The Company has a team of over 40 investment professionals operating across the Benelux, France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams. Equistone is currently investing from its sixth buyout fund, which held a final closing at its €2.8bn hard cap in March 2018. Some examples of current Dutch headquartered companies in Equistone investment portfolio are Heras and BOAL Group.