Gilde invests in bread producer Boboli

It remains unclear at this stage whether Gilde secured a majority stake in the deal. Gilde Equity Management Benelux focuses exclusively on the region's mid-market segment and targets buyout transactions valued in the €15-150m range.

The deal allows Dutch GP Synergia to exit Boboli. The firm invested in the business in 2012, securing a stake of around 40%, according to unquote" data.

The company's management and its new financial backer are aiming to boost Boboli's international expansion. To that end, the construction of a third bakery has already been launched.

Gilde is no stranger to the bakery and food industries, having backed businesses including Pré Pain, Grand Duet, Banketgroep, Bakker Bart, Peijnenburg, Johma and Ad van Geloven over the years.

Company
Boboli is a Dutch producer of frozen Mediterranean bread and snacks. The company is headquartered in Bunschoten-Spakenburg and was founded in 1999. Its products are sold to both businesses (to be baked in-store) and directly to consumers. It employs 325 people, against 100 at the time of the 2012 deal. Boboli generates €60m in turnover.

People
Gilde Equity Management Benelux – Gerhard Nordemann (managing partner); Bas Glas (partner); Max Theunissen (business analyst).

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• Topics
• Buyouts
• Benelux
• Consumer
• Gilde Equity Management Benelux
• Netherlands
• Secondary buyout
• Synergia Capital Partners