Eat Happy and Hana Group, merger in Europe and Italy: 5.800 shops
Eat Happy and Hana Group, merger in Europe and Italy: 5.800 shops
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Eat Happy and the European business of French company Hana Group merge to create Eat Happy Hana Group, a transnational Asian food platform.
Exit for London-based Permira
The transaction is backed by US investor One Rock Capital Partners. The investment is top secret, but it nevertheless leads to the exit of Permira from Hana’s activities on our continent, which, since 2019, had seen the London fund as majority shareholder. In America, however, Permira retains this role.
The newco, focused on fresh and ultra-fresh foods such as sushi and poke, brings together the network of 4.300 Eat Happy outlets in seven European markets, including its native Germany, Austria and Italy, with Hana’s 1.500 establishments in 12 countries: also Italy, followed by France, Spain, Belgium, Romania, the Netherlands and the UK…
One of Hana Group’s concepts
Eat Happy Hana Group: 14 countries in the network
The resulting group has 5.800 shops served in 14 European countries and forms a well-positioned constellation for further growth, in the long term, across European retail.
The commercial spaces located in modern grocery retail (44 in Italy, at Bennet, Carrefour, Conad, Crai, Despar and in Lidl Counter) are shop-in-shop units whose size varies considerably depending on the host outlet, while the two companies’ networks complement each other.
In addition to this complementarity, there is, more specifically, a robust combined offering, ranging from sushi and Asian-inspired food from Hana (20 brands) to Eat Happy’s fresh, artisanal and convenience Asian food (7 brands).
Everything cleared with the regulatory authorities
When will it start? Immediately, given that the transaction has been completed, having already received all the necessary regulatory approvals.
Turnover: the consolidated revenue of Eat Happy, which belongs to the holding company Fcf, is around 500 million euros. It is virtually impossible to provide Hana Group’s figures, as it does not publish consolidated data, in which it would in any case be difficult to separate out the European activities alone.
In the transaction, Deutsche Bank and RBC Capital Markets acted as financial advisers, while Willkie Farr & Gallagher LLP served as One Rock’s legal adviser.
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This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.
