M&A Deal Summary

Intera Partners and NoHo Acquire Better Burger Society

On July 6, 2023, private equity firm Intera Partners and NoHo acquired restaurant Better Burger Society

Acquisition Highlights
  • This is Intera Partners’ 3rd and NoHo’s 2nd transaction in the Restaurants sector.
  • This is Intera Partners’ 31st and NoHo’s 2nd transaction in Finland.

M&A Deal Summary
Date 2023-07-06
Target Better Burger Society
Sector Restaurants
Buyer(s) Intera Partners
NoHo
Deal Type Buyout (LBO, MBO, MBI)

Target

Better Burger Society

Finland
Better Burger Society focuses on the premium burger market, that gathers locally operating restaurant concepts focusing on quality ingredients under one roof.

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Buyer(S) 2

Buyer

Intera Partners

Helsinki, Finland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 585M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Intera Equity Partners is a private equity firm focused on opportunities in Finland and greater Scandinavia. Intera looks for businesses generating sales of €10 to €200 million, operating in growing markets, with committed management, and predictable cash-flows. Targeted transaction situations include ownership restructurings in family-owned businesses, consolidations, as well as traditional buyouts/buy-ins. Intera was formed in 2007 and is based in Helsinki.

DEAL STATS #
Overall 34 of 35
Sector (Restaurants) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 7
Country (Finland) 31 of 31
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 Rantalainen

Hyvinkaa, Finland

Rantalainen is a provider of financial management, accounting, reporting, and auditing services from over 40 locations in Southern Finland. Rantalainen was founded in 1972 and is based in Hyvinkaa, Finland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-22 Avarn Security

Gothenburg, Sweden

Avarn Security is a provider of security and cash handling services for companies, public organizations and individuals. Avarn Security is based in Gothenburg, Sweden.

Sell -
Buyer

NoHo

Tampere, Finland
Category Company
Founded 1996
Sector Restaurants
Employees2,800
Revenue 372M EUR (2023)
DESCRIPTION

NoHo provides restaurant services and labor hire. Restamax’s restaurant portfolio comprises more than 200 restaurants all over Finland and more than 10 restaurants in Denmark. The Smile Henkilöstöpalvelut subsidiary supplies thousands of employees nationally and diversely to different sectors. NoHo was founded in 1996 and is based in Tampere, Finland.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (Finland) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-19 Royal Ravintolat Oy

Helsinki, Finland

Royal Ravintolat Oy is a operator of restaurants and hotels in the Helsinki region. Its portfolio includes hotels Haven and Fabian and altogether 27 restaurants in 21 locations. The group’s projected revenue for the fiscal year ending 31 Dec 2011 is EUR 67 million and the average number of employees is over 500.

Buy €90M
Mergr

Product

Company

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