M&A Deal Summary

Chefs Warehouse Acquires Chef Middle East

On November 1, 2022, Chefs Warehouse acquired food company Chef Middle East from Gulf Capital

Acquisition Highlights
  • This is Chefs Warehouse’s 9th transaction in the Food sector.
  • This is Chefs Warehouse’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2022-11-01
Target Chef Middle East
Sector Food
Buyer(s) Chefs Warehouse
Sellers(s) Gulf Capital
Deal Type Add-on Acquisition

Target

Chef Middle East

Dubai, United Arab Emirates
Chef Middle East is a regional supplier of foods to the hotel, dining and airline industries, representing some of the best global brands. It boasts first-class operations and facilities, servicing more than 1,000 customers in the United Arab Emirates, Qatar and Oman.

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Buyer(S) 1

Buyer

Chefs Warehouse

Ridgefield, Connecticut, United States

Category Company
Founded 1985
Sector Food
Employees5,029
Revenue 3.8B USD (2024)
DESCRIPTION

Chefs' Warehouse is a provider of food products. The company serves independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, and specialty food stores. Chefs' Warehouse was founded in 1985 and is based in Ridgefield, Connecticut.


DEAL STATS #
Overall 18 of 19
Sector: Food M&A 9 of 10
Type: Add-on Acquisition M&A Deals 18 of 19
Country: United Arab Emirates M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 Capital Seaboard

Jessup, Maryland, United States

Capital Seaboard is a wholesale distributor of fresh seafood and produce, handling a full line of dairy products, specialty produce, pre-cuts, fresh fish, portioned fresh fish, shellfish, crabmeat, shrimp, and additional frozen seafood products to the Mid-Atlantic. Capital Seaboard was formed in 1952 and is based in Jessup, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Hardie’s Fresh Foods

Dallas, Texas, United States

Hardie’s Fresh Foods is a provider of farm fresh fruit and vegetables to food service and retailers. Hardie’s Fresh Foods was founded in 1943 and is based in Dallas, Texas.

Buy -

Seller(S) 1

SELLER

Gulf Capital

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2006
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gulf Capital is a leading alternative asset management company focusing primarily on late-stage control buy-outs, growth capital, real estate development and private debt in the Middle East. Gulf Capital's private equity group looks to acquire and invest in companies where it can offer help with operational improvements and expertise. Broad areas of interest include energy, oil and gas, water, healthcare, education, and logistics. Gulf Capital was established in 2006 and is headquartered in Abu Dhabi.


DEAL STATS #
Overall 6 of 8
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: United Arab Emirates M&A 3 of 4
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 CHO Group

Sfax, Tunisia

CHO Group is a fully-integrated global producer and exporter of organic and natural olive oil. CHO Group was founded in 1996 and is based in Sfax, Tunisia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 CWB

Abu Dhabi, United Arab Emirates

CWB is an intellectual property services firm that manages IP portfolios for many of the world’s major IP owners across more than 100 jurisdictions. CWB is based in Abu Dhabi, United Arab Emirates.

Buy -