Frankfurt a. Main — Finatem acquires Food & Service Group, seller is private equity firm Steadfast Capital. Shearman & Sterling advised NATIONAL-BANK AG on the financing of the acquisition of Food & Service Group by Finatem. The current management team will remain with the company and together with Finatem intends to successfully continue the buy and build strategy. The parties have agreed not to disclose details of the transaction.
The Food & Service Group is a leading food delivery wholesaler for bulk consumers and wholesalers and was founded in 1960 as a family business. As an assortment delivery wholesaler headquartered in Mülheim an der Ruhr, the company specializes in just-in-time deliveries to fast food and catering businesses with a focus on North Rhine-Westphalia. In addition to the company’s own award-winning meat and sausage products, the product portfolio is supplemented by the purchase of complementary products from the snack and catering sector and currently comprises around 4,000 items.
NATIONAL-BANK AG is one of the leading independent regional banks in Germany for discerning private and corporate customers and medium-sized institutional investors.
The Shearman & Sterling team, led by partner Dr. Matthias Weissinger (Germany-Finance), included associate Sven Oppermann (Germany-Finance/M&A) and transaction specialist Deniz Alkanli (Germany-Finance).
About Shearman & Sterling
Shearman & Sterling is an international law firm with 23 offices in 13 countries and approximately 850 lawyers. In Germany, Shearman & Sterling is represented at the Frankfurt office. The firm is one of the international market leaders in advising on complex cross-border transactions. Worldwide, Shearman & Sterling primarily advises international corporations and large national companies, financial institutions, and large mid-sized companies. For more information, visit www.shearman.com.