Alantra advises FSN Capital on the acquisition of Bäcker Görtz

Sep 2022

Buy-side advisory

Frankfurt – Alantra, the global investment banking and asset management specialist, has advised FSN Capital VI* (“FSN Capital”) on the acquisition of the bakery chain Bäcker Görtz GmbH (“Bäcker Görtz”). The existing owners Peter and Frank Görtz, who will continue to operate as Co-CEOs, will retain a significant minority stake. The parties have agreed not to disclose the financial details of the transaction.

Bäcker Görtz is the leading bakery chain in the Rhine-Neckar metropolitan region of Germany. The company was founded in 1963 and is led by Peter and Frank Görtz. Over the last decades, Bäcker Görtz has demonstrated strong growth by building a state-of-the-art production facility and highly automated planning and distribution capabilities. By continuously opening new branches, the family business has grown revenues organically at a CAGR of 14 per cent since 2006 and comprises almost 200 locations today. The company ensures optimal and efficient processes as well as short delivery routes through a combination of high branch density, a central production site based in Ludwigshafen, data-driven delivery, and production planning.

Christoph Handrup, Partner in Alantra’s Frankfurt office, said: “The family-owned company made use of data-driven production and delivery planning early on. This forward-looking corporate strategy now gives Bäcker Görtz a decisive competitive advantage in the German bakery market.”

Robin Mürer, Co-Managing Partner of FSN Capital, summarized: “Peter and Frank Görtz have built one of the most efficient, modern and profitable integrated bakery chains in Germany. We look forward to supporting the two Co-CEOs in growing their business organically and through M&A – and bringing the Görtz system into further regions in Germany. Eating out-of-home is a consumer macrotrend that will drive market growth for many years to come, and Bäcker Görtz is well-positioned to serve this need. Alantra’s extensive market and process knowledge was an invaluable support during the acquisition and financing of Bäcker Görtz and had a material part in ensuring a successful transaction.”

Christoph Handrup added: “We would also like to thank FSN Capital for their trust and close cooperation. We are pleased to have been able to support FSN Capital in the acquisition and financing of this successful company.”

The transaction was advised by Alantra’s Frankfurt office (M&A: Christoph Handrup and Patrick Bobak, Debt Advisory: Maximilian Rohardt and Philipp Holst).

* FSN Capital GP VI Limited, acting for itself and in its capacity as general partner or portfolio manager (as applicable) for and on behalf of each of FSN Capital VI L.P., FSN Capital VI Invest L.P. and FSN Capital VI Lux SCSp.