Nordhaven advised the owners of Classic Pizza and Hangon Makaronitehdas in the sale to Restel

17 jan 2022

Classic Pizza was founded in Hanko in mid-1990s, whereas Hangon Makaronitehdas was established five years ago. The owners, Juha Toivanen and Merja Rahkola-Toivanen, developed and expanded the unique casual dining concepts to the main cities and ski resorts in Finland and as of today the chains have total of 23 restaurants. The success of the chains is based on quality, superior ingredients and service offered by committed employees. In 2019 (pre covid) combined revenue of the chains was approximately EUR 15 million.

Restel is a leading restaurant operator in Finland with more than 200 restaurants and approximately EUR 200 million revenue. Restel is owned by Tradeka. Restel’s target is to provide consumers quality experiences and the acquisition is based on its strategy to grow through acquisitions with focus on strong brands.

We thank Nordhaven for very well managed process. In addition to the excellent financial result, we are happy that the chains got a strong and responsible owner who is committed to the values of the businesses that the owners have developed almost 30 years”, says Merja Rahkola-Toivanen.

We are always honored when we are given responsibility to assist to sell someone’s lifetime work. The sale is Nordhaven’s third transaction in the food service sector during the last 18 months”, says Ari Leppänen, Partner in Nordhaven.

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