M&A Deal Summary

NoHo Acquires Royal Ravintolat Oy

On April 19, 2018, NoHo acquired restaurant Royal Ravintolat Oy from Intera Partners for 90M EUR

Acquisition Highlights
  • This is NoHo’s 1st transaction in the Restaurants sector.
  • This is NoHo’s largest (disclosed) transaction.
  • This is NoHo’s 1st transaction in Finland.

M&A Deal Summary
Date 2018-04-19
Target Royal Ravintolat Oy
Sector Restaurants
Buyer(s) NoHo
Sellers(s) Intera Partners
Deal Type Add-on Acquisition
Deal Value 90M EUR

Target

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.

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Buyer(S) 1

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 1 of 2
Sector (Restaurants) 1 of 2
Type (Add-on Acquisition) 1 of 1
Country (Finland) 1 of 2
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 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.

Buy -

Seller(S) 1

SELLER

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 10 of 22
Sector (Restaurants) 1 of 2
Type (Add-on Acquisition) 1 of 4
Country (Finland) 9 of 19
Year (2018) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-19 NoHo

Tampere, Finland

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 Roima

Espoo, Finland

Roima is a software solutions company that provides software and expertise in manufacturing operations management, warehouse management, product information management and machine vision. Roima was founded in 1989 and is based in Espoo, Finland.

Buy -
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