GCA becomes part of Houlihan Lokey


Transaction Details

December 3, 2018


Consumer / Retail / E-commerce / Leisure

Deal Type

Mergers and Acquisitions

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GCA Advised Unternehmensgruppe Theo Müller on the Sale of Nordsee to Kharis Capital

GCA acted as exclusive financial advisor to Unternehmensgruppe Theo Müller S.e.c.s. and its subsidiary HK Food GmbH on the sale of Nordsee Holding GmbH to Kharis Capital.

Nordsee, a leading European fish and seafood brand, was founded in 1896 and is one of the largest players in the Quick Service Restaurant (QSR) sector. Nordsee employs over 6,000 people and serves approximately 20 million customers in its network of over 350 restaurants located across Europe.

Kharis Capital is a family-backed investor in the consumer sector, with a dedicated focus on the QSR market. Through various entities, it currently controls close to 550 restaurants across three brands – Burger King, Quick and O’Tacos – in Italy, Belgium, Luxemburg, France and Poland.

Heiner Kamps, Chairman of the Supervisory Boards of Unternehmensgruppe Theo Müller and Nordsee, commented: “To facilitate the refocus on our core activities – the production of dairy as well as delicatessen salads and dressings – we have decided to divest Nordsee. With its business in good shape, we are convinced that Nordsee will continue to flourish under new ownership.”

Daniel Grossmann and Manuel Roumain, co-founders of Kharis Capital, added: “We are extremely happy to welcome Nordsee to our platform of leading QSR brands. Nordsee comes with a tremendous heritage and expertise in the healthy fish segment of the market. The acquisition of Nordsee is a key milestone for Kharis on its path to becoming a leading pan-European QSR player.”

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