Greenwich, Connecticut, March 23, 2022 – The Silverfern Group, an investment management firm making direct investments in middle market private equity globally, today announced that it has exited its investment in Continental Bakeries, following the sale of the Company to Biscuits International.

Continental Bakeries is a European bakery group specialized in the production of biscuits, bread replacements and toast. It focuses on private label products and a number of its own brands such as Haust, Gille, Grabower, Bussink, Brinky and Continental Bakeries. Continental Bakeries has fifteen “Production Centres of Excellence” in Western Europe with a total of 2,500 employees. Silverfern invested in Continental Bakeries in 2016 in partnership with Broad Street Principal Investments, L.L.C., an affiliate of The Goldman Sachs Group, Inc.

Following completion of the exit, Silverfern Managing Director Edward Rimland commented “We are proud to have worked closely with Company management and our partner Goldman Sachs as Continental Bakeries navigated successfully through the turbulent times of the global Covid-19 pandemic. We wish them every success in their combination with Biscuits International.”

About Continental Bakeries

Continental Bakeries is a European bakery group specialized in the production of biscuits, bread replacements and toast. It focuses on private label products and a number of its own brands such as Haust, Gille, Grabower, Bussink, Brinky and Continental Bakeries. Continental Bakeries has fifteen “Production Centres of Excellence” in Western Europe with a total of 2,500 employees. All production facilities are certified in accordance with IFS and BRC standards. Company website: www.continentalbakeries.com

About Silverfern

Silverfern is a global middle-market investment management firm. From its offices in Greenwich and Sydney, its experienced, cohesive team of senior investment professionals makes investments in global middle-market private equity. Targeting $15 million to $25 million equity per investment in partnership with qualified local investment partners, whom we select for their specific industry knowledge and local market experience, Silverfern seeks to invest in buyouts, build-ups, acquisitions, growth equity and recapitalizations worldwide. Additional information is available at www.silfern.com

 

Media Contact:
John Cattau
Silverfern
jcattau@silfern.com
+1 203 542 2860