Kaltenkirchen — The BOETTGER GROUP, which also includes the well-known traditional brand Cavendish & Harvey, is taking over Jahnke Süßwaren GmbH from Ragolds Invest GmbH. The takeover adds the Jahnke brand of licorice specialties to the hard candy portfolio. In addition, production capacity at the Kaltenkirchen site is being significantly expanded.
With the takeover of Jahnke Süßwaren GmbH, which is known nationwide for its licorice sweets, the medium-sized BOETTGER Group is setting the course for its internationally oriented subsidiary Cavendish & Harvey Confectionery GmbH to continue its successful growth. The global market leader for premium fruit sweets is thus not only expanding its brand and product portfolio to include licorice specialties, but is also gaining a second production facility in the immediate vicinity of its own site in Kaltenkirchen.
The role of Proventis Partners
Proventis Partners acted as exclusive M&A advisor to BOETTGER GRUPPE and Cavendish & Harvey Confectionery GmbH. In addition to evaluating the target company, Proventis Partners supported the due diligence processes and accompanied the negotiations through to their successful conclusion.
The Proventis Partners transaction team consisted of Torben Gottschau (Managing Partner, Hamburg) and Leon Holtmann (Associate, Hamburg).
About Jahnke Süßwaren GmbH
Jahnke Süßwaren GmbH is a supra-regional producer of confectionery. After being founded in Hamburg Altona in the 1970s, Jahnke expanded to its current location in Kaltenkirchen in 1989. The product portfolio includes hard caramels and the nationally renowned liquorice specialties.
About Cavendish & Harvey Confectionery GmbH / BOETTGER GRUPPE
Cavendish & Harvey Confectionery GmbH is a producer and supplier of high-quality confectionery “Made in Germany”. At its headquarters in Kaltenkirchen (Schleswig-Holstein), the company has 160 employees and produces hard caramels, primarily for the premium house brand “Cavendish & Harvey”, which is successfully sold in over 100 countries. Purchased specialty products complement the brand portfolio. Cavendish & Harvey Confectionery GmbH has been a member of the family-owned BOETTGER GROUP since 2002. The medium-sized group of companies operates in various business areas in the German and European markets. This includes Berlin-based Boettger Food Ingredients GmbH, a high-profile supplier of granulated and liquid sugar as well as nuts and dried fruit and a close partner to the confectionery, beverage and food industries.
About Proventis Partners
Proventis Partners is a partner-led M&A advisory firm whose clients are predominantly medium-sized family businesses, corporate groups and private equity funds. With 30 M&A advisors, Proventis Partners is one of the leading independent M&A consultancies in the German-speaking region and can look back on more than 20 years of M&A experience and over 430 completed transactions. The M&A consultants with offices in Frankfurt, Hamburg and Zurich are active in the industrial, chemicals & materials, services, technology & media, consumer goods & retail and healthcare sectors. The exclusive membership in the Mergers Alliance — an international partnership of leading M&A specialists — enables Proventis Partners to support clients in 30 countries in the most important markets worldwide. The members of the Mergers Alliance, with more than 250 M&A professionals, offer Proventis Partners and its clients unique access to local markets in Europe, North America, Latin America, Asia and Africa. www.proventis.com
Advisor to Ragolds Invest GmbH: SZA Schilling, Zutt & Anschütz
Dr. Thomas Nägele and Dr. Christoph Allmendinger (both partners)