Houlihan Lokey Advises Jordanes

Houlihan Lokey is pleased to announce that Bisca, a portfolio company of Jordanes and a market-leading Danish manufacturer of cakes and biscuits, has been acquired by Erhvervsinvest. The transaction was completed on 4 April 2024.

Founded in 1890, Bisca is one of the most recognisable brands in Denmark, with a wide-ranging product offering that includes cookies, crackers, rusks, and crisp rolls.

Bisca proudly boasts the title of being a supplier to The Danish Royal Court, a reflection of the quality of baking carried out in the kitchens of the production site. The facility is located on the island of Mon, just off the coast of mainland Denmark, and today employs more than 250 people.

The business has been owned by Jordanes, a Scandinavian consumer brand champion, since 2011, during which time it has grown from strength to strength.

Erhvervsinvest’s investment, alongside key members of the management team, will enable Bisca to continue its success.

Erhvervsinvest invests primarily in smaller and medium-sized Danish-based companies. Since its foundation in 2004, it has established six funds with total commitments of DKK 5.1 billion.

Houlihan Lokey served as the exclusive financial advisor to Jordanes. This deal further increases sector leadership in the bakery/biscuits sector, following previous successes involving Dr Gerard, Burton’s Biscuits, Aryzta AG, Millbo, BioNaturals, Fox’s Biscuits, Give & Go, Voortman Bakery, Dolciaria Acquaviva, Tate’s Bake Shop, Diversi Foods, and Nonni’s.