Folmer acquires majority stake in Donier Gastronomie
Finnish private equity firm Folmer Equity has acquired a majority stake in Finnish wholesale food supplier Donier Gastronomie.
The GP is investing from its second fund, Folmer Equity Fund II, which held a first close on €62m in 2017. The vehicle has so far made five platform investments and typically provides equity tickets of €3-15m.
The founder of the company, Alexandre Donier, will continue as the managing director and a minority shareholder.
The GP will help the company improve its position in the market. Donier Gastronomie in the 2019/20 financial year reported revenues of around €8m and currently employs 16 people.
Company
Founded in 2003 and based in Helsinki, Donier Gastronomie is a supplier of food ingredients to restaurant and retail clients, specialising in the import and wholesale of dairy and poultry products. It also provides dry goods, meats and processed meat products.
The company has branches in Helsinki, Tampere and Turku. The company reported revenues of around €8m for its 2019/20 financial year, and currently employs 16 people.
People
Folmer Equity – Sami Tuominen (partner).
Donier Gastronomie – Alexandre Donier (founder, managing director).
Advisers
Company – Nordhaven (financial due diligence).
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