One Rock Capital Partners has completed a strategic investment supporting the combination of Eat Happy Group and Hana Group’s European operations. The deal received all required regulatory approvals, and the combined company will operate as Eat Happy Hana Group. Financial terms were not disclosed.
The combination creates a pan-European provider of freshly prepared sushi, Asian-inspired meals and other ultra-fresh convenience food products.
Eat Happy Hana Group serves approximately 5,800 points of sale across 14 European countries and operates a portfolio of more than 20 brands.
The combination brings together complementary geographic footprints, retail relationships, recipes, formats and operating capabilities.
Management plans to share product concepts and best practices across the organization to accelerate innovation and introduce new convenience food offerings to retailers and consumers.
One Rock expects to use its experience in food manufacturing and distribution to support the company’s operational development and next phase of growth.
Deutsche Bank and RBC Capital Markets served as financial advisers to One Rock, while Willkie Farr & Gallagher acted as legal counsel.
KEY QUOTES:
“Eat Happy Hana Group enters the One Rock portfolio with a strong foundation, and we look forward to working closely with management to support the next phase of growth.”
R. Scott Spielvogel, Managing Partner of One Rock Capital Partners
“The merger gives us a compelling opportunity to combine ideas, expertise and successful formats from across Europe.”
Dr. Johannes Steegmann, CEO of Eat Happy Hana Group
“We are excited to combine our expertise and embark on this new chapter together.”
Luca Mammola, CFO of Eat Happy Hana Group
