Foreman Capital has raised financing for the acquisition of Rijcken Groep

June 2024 — Foreman Capital, a Netherlands-based private equity firm, has secured debt financing for the acquisition of international food wholesaler Rijcken Groep. The financing package, provided through a club deal by Rabobank and ING, is designed to support Rijcken Groep’s organic growth as well as its planned buy-and-build strategy.

Rijcken Groep, headquartered in Huissen, the Netherlands, is an international wholesaler offering a wide range of Asian food products to take-away restaurants, wholesalers and retailers, serving over 3,000 customers. Although it is present in several European countries, its main focus is on the German market. The company operates through its brands Choi Kwai, Din Hau, Long Teng and Rising Sun, which procure their products mainly through the import company Asian Cuisine Trading, owned by Rijcken Groep. The group will continue under the name Authentic Cuisine Group going forward.

Our role in the transaction

Oaklins’ team in the Netherlands served as the exclusive buy-side debt advisor to Foreman Capital, providing comprehensive assistance in structuring a tailored debt financing package. This successful transaction complements Oaklins’ extensive track record in the private equity and food and beverage sector. The team in Germany identified and contacted various lenders and supported the transaction in several phases.