January 27, 2017

Nordian sells its stake in Group of Butchers

Amsterdam, 27 January 2017 Nordian Capital Partners sells its majority stake in Group of Butchers, market leader in the production and distribution of high-quality meat products, to Equistone Partners Europe. Founded in 1997, Group of Butchers partnered with Nordian in 2012. Goal was to become market leader in the chosen segments in the market, amongst others by an active buy-and-build strategy. Over the last years, Group of Butchers acquired 6 companies including Voskuilen, Canter and De Roller in the Netherlands and Schepers and Brackenier in Belgium. Over Nordian’s investment period, the company grew from app EUR 40m turnover to in excess of EUR 125m in 2016. Group of Butchers is unique through its high-quality artisanal product portfolio combined with its unrivalled category management approach. Five years in a row Group of Butchers won the Industributie Tophy and according to research done by Capitalmind in 2016 the company was the fastest growing food producer in the Netherlands. Nick Visser and Wilbert Wolfs, joint CEO’s of Group of Butchers, commented: “On behalf of the entire firm we would like to express our gratitude to Nordian Capital Partners for supporting our growth since 2012. They shared our vision for the Company and accompanied us in our work to become a leading supplier of the very highest-quality processed meat products. We are thrilled about the support of Equistone going forward. We trust that they can contribute to the further development and success of Group of Butchers.” Perry Bos, Managing Partner at Nordian Capital, commented: “We are proud to have participated in the tremendous growth path of Group of Butchers over the past four years. We thank Nick Visser, Wilbert Wolfs and their management team for their leadership and commitment and wish them all the best for the future. We are sure that Equistone will be a solid shareholder supporting Group of Butchers in its next growth phase.” About Nordian Capital Partners: Nordian Capital is an independent private equity investor, which distinguishes itself by providing companies with tailor-made assistance to both increase and accelerate growth. Nordian believes in structural value growth by improving and increasing profitability and helps achieving this as a critical and involved partner. Nordian invests together with its management teams based on a clear investment case: a joint plan formulated by the management and shareholders that serves as the guiding principle for the company to grow. The firm focuses on majority investments in the Dutch mid-market and manages two funds with a capital commitment of over EUR 500m. Its funds comprise of a portfolio of 13 companies. For further information, visit www.nordian.nl.