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New Deal


Announced

Chef Works to acquire Bragard Group from Fristads Kansas Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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culinary brand

Clothing and Accessories

Single Bidder

Pending

culinary apparel

Acquisition

Friendly

France

Private

Majority

Synopsis

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Chef Works, a culinary and hospitality apparel company, agreed to acquire Bragard Group, a culinary brand headquartered in France, from Fristads Kansas Group, a brand holding firm. Financial terms were not disclosed. "We have long respected Bragard for its originality, French identity and committed employees. The brand is recognized around the world as a leader in the hospitality sector -- particularly in the restaurant business. By investing in the Bragard holding company, we are supporting long-term development to provide quality products and services to all customers around the world," Paul Gross, Chef Works International Managing Director.

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