Group of Butchers sells to Equistone

Squarefield acted as exclusive financial advisor to Group of Butchers and it’s shareholders on the sale to Equistone.

On 27 January 2017, our client Group of Butchers (‘the Company’), a market-leading producer of premium processed meat products in the Benelux, announced the completion of its sale to Equistone Partners Europe (‘Equistone’).

Established in 1997 and headquartered in Tilburg in the Netherlands, Group of Butchers employs approximately 350 employees across six production facilities in the Netherlands and Belgium. The Company generates sales in excess of €125m, having acquired five companies over the last three years to further strengthen its market position and broaden its product range. Under the new ownership of Equistone, management is determined to continue its acquisitive growth strategy.

The transaction demonstrates and complements Squarefield’s cross-border transaction experience, as well as its track-record in the processed and deli-meat sectors.


Equistone is one of Europe’s foremost mid-market private equity investors and has a long track-record of investing in a diversified range of industry sectors. The firm’s latest fund, EPEF V, which was closed in 2015, carries €2bn of capital commitments. Equistone operates in Germany, the United Kingdom, Switzerland and France.