M&A Deal Summary

ARCUS Capital and Vendis Capital Acquire BitterPower

On December 18, 2020, private equity firms ARCUS Capital and Vendis Capital acquired food company BitterPower

Acquisition Highlights
  • This is ARCUS Capital’s 1st and Vendis Capital’s 1st transaction in the Food sector.
  • This is ARCUS Capital’s 9th and Vendis Capital’s 1st transaction in Germany.

M&A Deal Summary

Date 2020-12-18
Target BitterPower
Sector Food
Buyer(s) ARCUS Capital
Vendis Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) ox8 Corporate Finance (Financial)

Target

BitterPower

Mannheim, Germany
BitterPower distributes foods and dietary supplements under the own brand “BitterLiebe”. In addition to the own web store "BitterLiebe“ products are also available in more than 4,000 dm, Rossmann and Budnikowsky retail stores as well as regularly in teleshopping on HSE24. The company records a growth rate of more than 120%, nearly double-digit millions in revenues, and a seven-digit profit. BitterPower was founded in 2018 and is based in Mannheim, Germany.

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Buyer(S) 2

DESCRIPTION

ARCUS Capital is a private equity firm focused on acquiring and investing in mid-sized companies (€10 to €150 million in sales) operating throughout German speaking Europe. Prospective transaction situations include buyouts, succession situations, and recapitalizations. Broad areas of interest include consumer goods, industrials, healthcare, and media. ARCUS Capital was established in 1994 and is headquartered in Munich.


DEAL STATS #
Overall 10 of 16
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 13
Country: Germany M&A 9 of 15
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 detailM

Berlin, Germany

detailM is a provider of digital and online marketing business. detailM is based in Berlin, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 milch & zucker

Giessen, Germany

milch & zucker is a provider of e-recruiting software & employer branding. The company's BeeSite Recruiting Edition is made & hosted in Germany. The product and service portfolio ranges from innovative software solutions for talent management and acquisition to automated job advertisement and applicant management. All employer branding measures - from EVP to campaigns come from one company. milch & zucker was founded in 1998 and is based in Giessen, Germany.

Buy -
Buyer

Vendis Capital

Diegem, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Vendis Capital is an independent, Western European private equity firm focused on opportunities in the consumer sector. Vendis invests in branded consumer companies including retail, food, consumer goods, and consumer services. The Firm will consider majority and minority positions and generally seeks to commit €5 to €25 million in companies generating up to €120 million in revenue. Funds are generally used to support internal growth, acquisitions, full or partial liquidity to stakeholders, management buyouts, and corporate divestitures. Vendis Capital was formed in 2009 and is based in Brussels.


DEAL STATS #
Overall 20 of 30
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 12
Country: Germany M&A 1 of 2
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-01 Pokawa

Paris, France

Pokawa is a fast-casual restaurant chain for poke bowls, an exotic dish from Hawaiian inspiration, made from rice, marinated fish, fruits and vegetables. It offers customised dishes, made-to-order with simple and fresh ingredients. Pokawa was founded in 2017 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Ferm Living

Copenhagen, Denmark

Ferm Living is a Danish brand of design home furnishings. The range includes furniture, textiles, decorative objects, wallpaper, designs for the kitchen, bathroom, and office as well as a large collection for kids. Ferm Living was founded in 2005 and is based in Copenhagen, Denmark.

Sell -