Rabobank Participaties acquires significant minority stake in V&S Foodspecialist

Squarefield acted as exclusive financial advisor to V&S Foodspecialist on the sale of a significant minority stake to Rabobank Participaties

On 7 December 2018, our client V&S Foodspecialist (“V&S” or the “Company”), a Dutch producer of frozen skewer products, completed the sale of a 40% minority stake to private equity investor Rabobank Participaties (“RaPar”).

Under the ownership of Eric Postma, V&S developed into a specialist producer of frozen hand-made specialty skewers, multi-ethnic snacks, finger food and appetisers. Through its strategic focus on international foodservice and industry customers, the Company established strong market positions in the Benelux, Germany and France. With RaPar as a partner, V&S is set to accelerate growth by increased focus on NPD, capacity extension and selective acquisitions.

V&S Foodspecialist

Founded in 1904 as a family owned butcher shop, V&S has proactively and successfully adapted to the changing market and quality requirements ever since. In recent years, the Company has grown substantially through organic growth and a number of small strategic acquisitions. V&S is headquartered in Leiden, the Netherlands, operates production facilities in Romania and Slovakia, and generates sales in more than ten countries across Europe and has circa 600 employees.


Rabobank Participaties

Rabobank Participaties is part of Rabobank Private Equity, the investment arm of the Rabobank Group, which has more than EUR 1.0bn funds under management through (international) fund investments and direct participations. Rabobank Participaties invests directly in rapidly growing Dutch companies who seek a partner to realise further growth and/or a change of ownership. Rabobank Participaties is flexible when it comes to investment structures, holding both minority and majority stakes, whereby the partnership with the entrepreneur is always essential and the first priority.

ERIC POSTMA, CEO V&S FOODSPECIALIST : “From the first moment onwards, Squarefield gave me the right support and guidance towards making a deal. They understood my wishes very well, translated these into how the deal was positioned towards buyers and presented the appropriate candidate. The time and energy that the Squarefield team put into the whole process was impressive and it felt like they were part of V&S.

2018