Gleiss Lutz advises Valora on acquisition of Frittenwerk
A Gleiss Lutz team has advised Swiss company Valora Holding AG on the acquisition of Frittenwerk from its founders. The transaction is expected to close in July 2022. The parties have agreed not to disclose the purchase price. The acquisition allows Valora to expand its food service portfolio and become an active player in the German fast-casual market.
Valora is a listed company and with a Europe-wide network of around 2,700 convenience and food service retail outlets at locations with a high level of consumer footfall across Switzerland, Germany, Austria, Luxembourg and the Netherlands. With around 15,000 employees, Valora generated external sales of CHF 2.2 billion in 2021.
The first Frittenwerk restaurant in Düsseldorf-Bilk was awarded the title of “Station Shop of the Year" in 2014, the year the company was founded. Since 2016, many more new restaurants have opened. Frittenwerk currently has 27 sites, mostly in city centres, but also in shopping centres and railway stations in German cities. Two more openings in Mainz and Koblenz are planned for mid-2022.
Gleiss Lutz regularly advises Valora on M&A transactions, most recently on the acquisition of self-service bakery chain Backwerk from financial investor EQT.
The following team of Gleiss Lutz lawyers advised Valora on the transaction: Dr. Patrick Kaffiné (partner, Frankfurt), Jan Philipp Mohr (counsel, both lead), Dr. Mathias Boas-Knecht (both Hamburg) Dr. Maximilian Hirsch (Frankfurt, all M&A), Dr. Ocka Stumm (partner), Dr. Stefan Mayer (partner), Dr. Dominik Monz, Bianca Moser (all Tax), Dr. Matthias Werner (counsel), Dr. Theresa Uhlenhut, Johannes Bernhardt (all IP/IT, Munich), Konrad Discher (counsel), Maximilian Leisenheimer (both Real Estate), Dr. Tobias Abend (counsel), Lea Kuhr (both Employment), Dr. Wolfgang Bosch (partner), Dr. Birgit Colbus (counsel), Kristina Sirakova (all Competition/Antitrust, all Frankfurt), Dr. Jacob von Andreae (partner), Matthias Hahn (Public Business Law, Düsseldorf), Dr. Manuel Klar (Munich), Simon Wegmann (Berlin, both Data Protection), Felix Wrocklage (Compliance & Investigations, Frankfurt).