The Quality Group (“TQG”) has signed an agreement to acquire GOT7 Nutrition GmbH & Co. (“GOT7”). This is yet another acquisition for “The Quality Group”, which is currently in an active expansion period, and has been looking for strategic growth in the food supplements space through M&A. Carlsquare has been the exclusive advisor of TQG since its inception in December 2020, when they accompanied the merger of “More Nutrition” and “ESN”.
Rene Büssow, Managing Director of TQG commented: “We have not only set ourselves the goal of bringing innovative and sensible supplements with excellent taste onto the market, but also to educate the entire target group through free informational content. Through the acquisition of GOT7 we are expanding our product portfolio to include “Functional Food” and “Healthy Snacks” and can also expand our educational work in this segment. Carlsquare has given us excellent support so that TGQ can take the next growth steps.”
Ernö Miklos, Managing Director GOT7 commented: “We look forward to working with TQG and continuing on one path together from now on. The TQG team has a strong network and an outstanding track record. GOT7 will benefit decisively from this expertise.”
ABOUT THE QUALITY GROUP
The Quality Group is a holding company which represents „More Nutrition“ and „ESN“, as the two companies merged in December 2020. The Quality Group stands for uncompromising quality, while leading the German market for food supplements with both brands. The companies research, develop and produce in-house and stand for the daily controlled quality, purity and safety of their scientifically meaningful food supplements and functional foods.
ABOUT GOT7 NUTRITION
GOT7 was founded in 2015 and has established itself as one of the leading German brands in the healthy snacks market, selling high-quality, innovative products, with sustainable price stability. GOT7 Nutrition offers a wide range of products such as calorie and sugar free flavor drops, sweet syrups, savory sauces, protein crisps, protein nachos, chocolate spread and more. The main distribution channels are their physical GOT7 Nutrition Shop, as well as their online store.
ABOUT CARLSQUARE
Carlsquare is a partner-run investment banking firm with offices in Germany, United Kingdom, Sweden and Denmark that supports companies and their shareholders in the implementation of strategic goals. These are owner-managed and market leading enterprises, fast-growing start-ups with innovative technologies and business models, but also venture capital/private equity investors and corporations that want to create growth and increase value together with entrepreneurs. Carlsquare is member of Globalscope Partners.
ABOUT SORTIS Invest
SORTIS Invest is an investment banking boutique, based in Sofia, Bulgaria, part of SORTIS Group. It is a member of Globalscope Partners, a global family of 55 independent M&A firms in 46 countries with a team of 650 professionals and more than 10,000 completed mergers and acquisitions and private equity deals worldwide. SORTIS Invest advises companies on mergers & acquisitions and fundraisings, as well as valuations and financial modelling of business cases. SORTIS Invest has a broad partner network and extensive experience in the fields of corporate finance, mergers & acquisitions.
SORTIS Invest has advised clients in various sectors including Telecommunications, Media and Technology (TMT), financial services, food and beverages, life sciences, chemicals, education, defense, manufacturing, energy, mining, transport and logistics, hospitality and real estate.