• Hamé

  • Sector: FMCG
  • Client: Nordic Partners
  • Year: 2016
  • Deal value: EUR 175 mil.
  • Our partners from Rothschild, supported by CORPIN, have acted as a financial adviser to the shareholders of Hamé in connection with the sale of 100% equity interest in Hamé to Orkla, one of the leading food conglomerates in Scandinavia. Hamé is the leading food producer based in the Czech Republic.
  • The transaction was a result of a complex, competitive tender process run by Rothschild and supported by CORPIN and Rothschild’s Baltic affiliate Porta Finance. Sale of Hamé was affected by several challenging aspects, including the ongoing operational changes among the leading European food conglomerates, pressure on margins and growth of food companies originated by large international retail chains in the Czech and Slovak food markets and significant currency depreciation in Russia, where Hamé has its own production facility. Despite these challenges the sale was finally agreed at satisfactory valuation levels.
  • This transaction highlights the importance of generating interest from large strategic investors upon sale of companies in Central Europe, as these types of investors usually demonstrate solid transaction certainty and valuation benchmarks. Interest from strategic buyers is best generated in case of transactions that are very well prepared and where a number of strategic investors are approached by a highly credible international adviser.