Shearman & Sterling advised NATIONAL-BANK AG on the financing of the acquisition of the Food & Service Group by Finatem. The seller is the private equity investor Steadfast Capital. The current management team will remain with the company and plans to successfully continue the buy and build strategy with Finatem. The financial terms of the transaction are undisclosed.

The Food & Service Group is a leading food service delivery wholesaler for major consumers and other wholesalers and was founded as a family business in 1960. As a service delivery wholesaler headquartered in Mülheim an der Ruhr, Germany, the company is specialized in just-in-time delivery of fast food and hospitality businesses with their main focus on the North Rhine-Westphalia state. The product portfolio of 4,000 items includes self-produced, multi-award-winning meat and sausage products as well as purchased complementary products from snack and hospitality businesses.

NATIONAL-BANK AG is one of the leading independent private regional banks in Germany for private and corporate customers, as well as for medium-sized institutional investors.

The Team