PrecapitalPartners to acquire Dat Backhus

Dat Backhus experienced a 40% drop in revenues following Germany's coronavirus lockdown. The company began restructuring proceedings following the filing. Stefan Denkhaus of BRL Boege Rohde Luebbehuesen was appointed as the company's insolvency administrator.

Denkhaus said in a statement that he was keen the company not be acquired by a competitor chain, but should continue to operate independently.

The insolvency plan is subject to a creditors committee vote, according to a statement from BRL, but the plan aims to end the insolvency proceedings by the end of 2020. Bartels-Langness, Dat Backhus's owner prior to the insolvency filing, will continue to be a supplier to the company.

Berlin-based PrecapitalPartners focuses on special situations investments, particularly in Mittelstand companies and business subsidiaries with revenues of €35-500m. The firm is headed by Barbaros Arslan, Christian Brenner, Mensur Sacirovic and Alexander Gerstung.

Company
Dat Backhus is a chain of bakeries operating in Hamburg, Lower Saxony and Schleswig-Holstein. The company specialises in baked goods that are traditional to Hamburg. Founded in 1940, the company has 1,000 employees and managed 119 branches in Germany prior to the insolvency filing. It also has a production site in Rothenburgsort.

People
Dat Backhus – Svend Wöhr (CEO).
Precapital Partners – Barbaros Arslan, Christian Brenner, Mensur Sacirovic, Alexander Gerstung (managing partners).

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• Topics
• Turnaround/Special Situations
• DACH
• Consumer
• Germany