We advised Compass Group, a UK-based global food service company, in signing an agreement with Fazer Group to acquire Fazer Food Services (including a group company in Estonia), a premier food service provider in the Nordics.
Compass Group is a leading global food service company. The Company operates in around 45 countries, employs 600,000 people and is listed on the London Stock Exchange, including the FTSE 100, being one of the 100 companies with the highest market capitalisation. The Company specialises in providing food and a range of support services across the core sectors of Business & Industry, Healthcare & Seniors, Education, Sports & Leisure and Defence, Offshore & Remote, with an established brand portfolio.
Attractive acquisition
Fazer Food Services is a highly attractive acquisition for Compass Group, which already has a presence in the region. Fazer Food Services’ clear focus on food and culinary innovation will further strengthen Compass Group’s existing offer, and will enable Compass to create more compelling and innovative solutions for its clients and consumers.
Dominic Blakemore, CEO of Compass Group, said: “Fazer Food Services is a highly regarded food service business in the Nordic region, and like Compass, is focused on high-quality food, culinary innovation, sustainability and great customer service. I am excited that, together with our existing colleagues in the region, we will be able to further enhance our customer proposition in the Nordic market.”
Enterprise value of the acquisition is approx EUR 475 million.
Project scope and our team
We assisted the client in conducting legal due diligence of the Estonian group company and drafting transaction documents. After EU Commission competition approval, we will be providing assistance in closing the transaction. Our project team consisted of partner Piret Jesse with senior associate Juulika Aavik and associate Lisette Suik.
