Fuchs Gruppe (the group), of which DF World of Spices GmbH is the ultimate operating holding company, is the largest German spice manufacturer and leading privately owned global spice company. Founded in 1952 by Dieter Fuchs, today the group supplies a wide range of spices, culinary trends and innovative food technology to the food retail, food service and food industry.
Fuchs Gruppe strategically decided to pursue further internationalisation of its retail business and identified that a strategic acquisition of Bart Spices, a leading UK based herbs, spices and cooking ingredients manufacturer, would support this strategy.
The business supplies its Bart branded products and own label variants to a number of UK supermarkets and independent stores, with a focus on premium retailers.
We were engaged by the group to provide a full suite of bid support advisory services, including corporate finance advisory, financial due diligence and SPA advisory services to support them in the acquisition of Bart Spices Group Holdings.
Our food and beverage corporate finance advisory team were able to provide the group with deep insight and knowledge of the sector and the target, helping to shape their offer for the business. The firm’s financial due diligence and SPA advisory teams also assisted with establishing the underlying profitability of the business and enterprise to equity value adjustments, ensuring the price paid for the business was in line with the market value for the sector.
The team effectively co-ordinated all bid support services, enabling a seamless and joined-up process for all parties, and delivered the transaction within a short period of time specified by the client.
