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Announced

Completed

The Chefs’ Warehouse completed the acquisition of Chef Middle East from Gulf Capital.

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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Single Bidder

specialty foods

Private

Cross Border

Completed

Acquisition

Private Equity

beverage products

Majority

Friendly

United Arab Emirates

Food Products

Synopsis

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The Chefs’ Warehouse, a distributor of specialty food products, completed the acquisition of Chef Middle East, a specialty food distributor with operations in the United Arab Emirates, Qatar and Oman, from Gulf Capital, an alternative asset management firm in the Gulf and Southeast Asia. Financial terms were not disclosed. "This is exciting news for The Chefs’ Warehouse, our partners, employees and our new colleagues at Chef Middle East. Similar to our positioning in the US and Canada, CME is the premier provider of specialty food products to the higher-end restaurants, hotels and catering establishments in the region. Their product portfolio mirrors ours in many ways and includes high-quality imported specialty foods, meat and seafood, pastry and bakery goods along with broadline product lines. We thank Gulf Capital for entrusting us to continue the growth of CME into a leading foodservice player," Christopher Pappas, The Chefs’ Warehouse Chairman and CEO.

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