Houlihan Lokey Advises Biscuit International

Houlihan Lokey is pleased to announce that Biscuit International, a portfolio company of Platinum Equity, has acquired Continental Bakeries from its majority shareholders, Goldman Sachs Asset Management (Goldman Sachs). The transaction . closed on 28 March 2022.

Continental Bakeries is a leading European manufacturer of private label sweet biscuits, bread replacements, and toast. Its manufacturing operations consist of 13 production facilities in the Netherlands, Belgium, Germany, Poland, and Sweden. Continental Bakeries employs more than 2,300 people. Goldman Sachs has supported Continental Bakeries’ growth since 2016.

Biscuit International’s proposed acquisition and integration of Continental Bakeries’ operations is a transformational and strategic transaction for the group. It will reinforce Biscuit International’s position in the European private label biscuit and bread substitute market. The combination with Continental Bakeries will allow Biscuit International to significantly increase its presence in major European markets through a highly complementary product portfolio and geographical footprint—for the benefit of clients and final consumers.

Platinum Equity is a global investment firm with more than $25 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment opportunities in the lower middle market. Over the past 25 years, Platinum Equity has completed more than 300 acquisitions.

Houlihan Lokey served as the financial advisor to Biscuit International.

This deal represents another successful transaction for Houlihan Lokey in the bakery industry after recently supporting Ferrero on its acquisition of Burton’s Biscuits.