Rijcken Groep has been sold to Foreman Capital
Amsterdam –Â CFI is pleased to announce it acted as the exclusive corporate finance advisor to Rijcken Groep, in its sale to Foreman Capital.
Â
About Rijcken Groep
Established in 1962 by Jan Rijcken, Rijcken Groep is a leading distributor of Asian food products operating in Germany and the Netherlands, with its headquarters in Huissen. Following Rijcken’s passing in 2010, current CEO Remko Tiecken assumed leadership. By offering customers a comprehensive range of Asian food products and accessories, combined with a strong focus on customer satisfaction and delivery directly to the kitchen, the company has grown into an international group of enterprises with three locations in the Netherlands and Germany. These enterprises cater to Asian restaurants as well as small retailers/toko’s.
About Foreman Capital
Foreman Capital, founded in 2005, is an investment firm focused on growing profitable businesses in the SME sector, operating in trade, services, manufacturing, and e-commerce. With offices in Amsterdam and Copenhagen, the company has been supporting entrepreneurs, CEOs, and family businesses for 20 years in achieving their growth ambitions and further professionalising their enterprise.
About the transaction
Seeking to accelerate its growth trajectory, Rijcken Groep pursued an investment partner to fuel its ambitions of becoming a European leader in distributing Asian, Middle Eastern, and exotic food products. Foreman Capital emerged as the ideal match, poised to support the existing management as majority shareholder while aiding in expanding the company’s market presence. With a shared vision for growth and expertise in the industry, the partnership will enable Rijcken Groep to pursue both organic expansion and a buy-and-build strategy, seizing opportunities domestically and internationally to solidify its position in the European market. Moving forward, the company will continue under the name Authentic Cuisine Group.
CFI’s role in the process
With a longstanding relationship characterised by ongoing dialogues, CFI was approached by Rijcken Groep to orchestrate the deal. Having previously collaborated on strategic discussions, CFI assumed various pivotal roles, encompassing strategic planning, financial analysis, and negotiating terms with potential partners, which resulted in a successful transaction with Foreman Capital on 5 June 2024.
Remko Tiecken, CEO at Rijcken Groep: “Partnering with CFI has been an exceptional and pleasant experience. Their strong commitment and strategic guidance have played a crucial role in turning our vision into reality. As we embark on this next chapter with Foreman Capital, we eagerly anticipate the opportunity to combine our strengths and collaborate closely to achieve our growth aspirations.”Â
Related
Food & Beverage & Agribusiness
has been sold to
Transaction details
Rijcken Groep, a leading distributor of Asian food products, has been sold to Foreman Capital, an investment firm focused on growing profitable businesses in the SME sector
This transaction was advised by:
Our latest transactions
Software & IT Services
have sold
to
a portfolio company of
Transaction details
Companyweb, the leading provider of subscription-based credit information and private company data intelligence in Belgium, has been sold to Altares, a provider of B2B data solutions, servicing medium and large companies across the entire data value chain
Food & Beverage & Agribusiness
has acquired
Transaction details
Gran Canaria based snack company Aperitivos Snack has acquired La Gaviota Alimentación
Food & Beverage & Agribusiness
has been acquired by
Transaction details
Swedish delicatessen provider Färskvaruhuset AB has been acquired by BPI A/S, creating an even stronger partner for the food retail sector in the Nordics
Food & Beverage & Agribusiness
has been acquired by
Transaction details
Engelhardt, a leading developer of smart solutions for the food industry, has been acquired by Finnish company Bang & Bonsomer
