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Exit for Ragolds Invest: BOETTGER Group acquires Jahnke Süßwaren

Photo: Jahnke confec­tion­ery product (©Jahnke Süss­wa­ren GmbH)
26. Janu­ary 2024

Kalten­kir­chen — The BOETTGER GROUP, which also includes the well-known tradi­tio­nal brand Caven­dish & Harvey, is taking over Jahnke Süßwa­ren GmbH from Ragolds Invest GmbH. The take­over adds the Jahnke brand of lico­rice special­ties to the hard candy port­fo­lio. In addi­tion, produc­tion capa­city at the Kalten­kir­chen site is being signi­fi­cantly expanded.

With the take­over of Jahnke Süßwa­ren GmbH, which is known nati­on­wide for its lico­rice sweets, the medium-sized BOETTGER Group is setting the course for its inter­na­tio­nally orien­ted subsi­diary Caven­dish & Harvey Confec­tion­ery GmbH to conti­nue its successful growth. The global market leader for premium fruit sweets is thus not only expan­ding its brand and product port­fo­lio to include lico­rice special­ties, but is also gaining a second produc­tion faci­lity in the imme­diate vici­nity of its own site in Kaltenkirchen.

The role of Proven­tis Partners

Proven­tis Part­ners acted as exclu­sive M&A advi­sor to BOETTGER GRUPPE and Caven­dish & Harvey Confec­tion­ery GmbH. In addi­tion to evalua­ting the target company, Proven­tis Part­ners supported the due dili­gence proces­ses and accom­pa­nied the nego­tia­ti­ons through to their successful conclusion.
The Proven­tis Part­ners tran­sac­tion team consis­ted of Torben Gott­schau (Mana­ging Part­ner, Hamburg) and Leon Holt­mann (Asso­ciate, Hamburg).

About Jahnke Süßwa­ren GmbH

Jahnke Süßwa­ren GmbH is a supra-regio­nal produ­cer of confec­tion­ery. After being foun­ded in Hamburg Altona in the 1970s, Jahnke expan­ded to its current loca­tion in Kalten­kir­chen in 1989. The product port­fo­lio includes hard cara­mels and the natio­nally renow­ned liquo­rice specialties.

About Caven­dish & Harvey Confec­tion­ery GmbH / BOETTGER GRUPPE

Caven­dish & Harvey Confec­tion­ery GmbH is a produ­cer and supplier of high-quality confec­tion­ery “Made in Germany”. At its head­quar­ters in Kalten­kir­chen (Schles­­wig-Holstein), the company has 160 employees and produ­ces hard cara­mels, prima­rily for the premium house brand “Caven­dish & Harvey”, which is successfully sold in over 100 count­ries. Purcha­sed specialty products comple­ment the brand port­fo­lio. Caven­dish & Harvey Confec­tion­ery GmbH has been a member of the family-owned BOETTGER GROUP since 2002. The medium-sized group of compa­nies opera­tes in various busi­ness areas in the German and Euro­pean markets. This includes Berlin-based Boett­ger Food Ingre­di­ents GmbH, a high-profile supplier of granu­la­ted and liquid sugar as well as nuts and dried fruit and a close part­ner to the confec­tion­ery, beverage and food industries.

About Proven­tis Partners

Proven­tis Part­ners is a part­­ner-led M&A advi­sory firm whose clients are predo­mi­nantly medium-sized family busi­nesses, corpo­rate groups and private equity funds. With 30 M&A advi­sors, Proven­tis Part­ners is one of the leading inde­pen­dent M&A consul­tancies in the German-spea­king region and can look back on more than 20 years of M&A expe­ri­ence and over 430 comple­ted tran­sac­tions. The M&A consul­tants with offices in Frank­furt, Hamburg and Zurich are active in the indus­trial, chemi­cals & mate­ri­als, services, tech­no­logy & media, consu­mer goods & retail and health­care sectors. The exclu­sive member­ship in the Mergers Alli­ance — an inter­na­tio­nal part­ner­ship of leading M&A specia­lists — enables Proven­tis Part­ners to support clients in 30 count­ries in the most important markets world­wide. The members of the Mergers Alli­ance, with more than 250 M&A profes­sio­nals, offer Proven­tis Part­ners and its clients unique access to local markets in Europe, North America, Latin America, Asia and Africa. www.proventis.com

Advi­sor to Ragolds Invest GmbH: SZA Schil­ling, Zutt & Anschütz

Dr. Thomas Nägele and Dr. Chris­toph Allmen­din­ger (both partners)

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