Menigo Foodservices AB
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Menigo Foodservices AB - overview
Location
Stockholm, -, Sweden
Primary Industry
Logistics & Distribution
About
Menigo Foodservices AB specializes in the supply of comprehensive food, beverage, and equipment solutions for the restaurant and service sectors, catering to both private and public clients in Sweden. Menigo Foodservices AB operates as a supplier within the food service industry, providing essential products and services to restaurants and catering businesses. The company is headquartered in Stockholm, Sweden. In March 2010, Nordic Capital divested the majority of its stake in Menigo to Brake Group while retaining a 33% stake.
In July 2016, Nordic Capital sold its remaining stake during Sysco's acquisition of Brakes Group. The CEO of the company is Jonas Köhler. Menigo operates as a comprehensive supplier within the restaurant and service trade, delivering a diverse range of products including food, beverages, and equipment tailored for both private and public sector operations. Central to its offerings is the fresh produce segment, which encompasses a complete assortment of fruits, vegetables, meat, poultry, fish, shellfish, and deli items.
Menigo emphasizes high-quality fresh products complemented by in-depth expertise from its specialists, with deliveries available up to six days a week. The company has newly established a full-service warehouse in Landvetter, just 20 minutes from Gothenburg, enhancing its logistical capabilities and allowing for more sustainable and flexible delivery options. Menigo primarily serves the food service market in Sweden, focusing on clients such as restaurants, catering businesses, and other food-related enterprises. Menigo generates revenue through its B2B operations, primarily engaging in transactions with clients in the food service industry.
For the year 2023, Menigo reported a revenue of USD 792. 83 mn and an EBITDA of USD 26. 12 mn. The company provides a range of products and services under various pricing structures, including bulk purchasing agreements and tailored partnership deals for restaurants and catering services.
Transactions are structured around regular orders, often facilitated through an online platform that enhances customer convenience. Menigo's focus on delivering high-quality products and services plays a critical role in maintaining strong relationships with its client base, thus fostering repeat business and long-term partnerships. Menigo aims to enhance its product offerings in the upcoming year by introducing new fresh produce lines designed for the evolving needs of the food service industry. The company is also planning to expand its operations into new geographic regions, targeting additional markets in Scandinavia by the end of 2024.
Recent funding from the sale of stakes in 2016 will be utilized to support these initiatives, focusing on strengthening their supply chain and distribution capabilities.
Current Investors
Bain Capital, Brake Bros Ltd.
Primary Industry
Logistics & Distribution
Sub Industries
Food & Beverage Distribution
Website
www.menigo.se
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Menigo Foodservices AB - timeline of key events
Menigo Foodservices AB - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Jun 30, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Jun 30, 2022 | Jun 30, 2023 | Jun 30, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,974,148,000 | 4,736,603,000 | 4,865,218,000 | 5,128,479,000 | 5,696,637,000 | - | 9,111,263,000 | 6,257,729,000 | 6,820,689,000 | 6,313,690,000 | 5,516,303,000 | - | - | - |
| % Revenue Growth (YoY) | - | (4.8%) | 2.7% | 5.4% | 11.1% | - | - | - | 9.0% | (7.4%) | (12.6%) | - | - | - |
| EBITDA (USD) | 90,359,000 | 61,914,000 | 100,361,000 | 166,978,000 | 200,164,000 | - | 278,877,000 | 143,648,000 | 128,961,000 | 71,673,000 | 50,042,000 | - | - | - |
| Operating Income (USD) | 46,682,000 | 19,123,000 | 68,425,000 | 131,212,000 | 163,693,000 | - | 214,220,000 | 87,007,000 | 68,674,000 | (92,232,000) | (111,293,000) | - | - | - |
| Operating Margin | 0.9% | 0.4% | 1.4% | 2.6% | 2.9% | - | 2.4% | 1.4% | 1.0% | (1.5%) | (2.0%) | - | - | - |
| % EBITDA Margin | 1.8% | 1.3% | 2.1% | 3.3% | 3.5% | - | 3.1% | 2.3% | 1.9% | 1.1% | 0.9% | - | - | - |
| NET Income (USD) | 56,539,000 | 14,925,000 | 38,277,000 | 158,782,000 | 133,799,000 | - | 173,629,000 | 48,401,000 | 56,845,000 | (81,989,000) | (102,697,000) | - | - | - |
| % Net Margin | 1.1% | 0.3% | 0.8% | 3.1% | 2.3% | - | 1.9% | 0.8% | 0.8% | (1.3%) | (1.9%) | - | - | - |
Menigo Foodservices AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Menigo Foodservices AB | - | ||||||||
| Add-on, Trade Sale | Completed | Menigo Foodservices AB | - | ||||||||
| Add-on | Completed | Ehn & Karlstroem AB | - | ||||||||
| Add-on | Completed | Cityfrukt I Malmo AB | - | ||||||||
| Add-on | Completed | Fruktservice AB | - |
Displaying 1 - 5 of 9
Menigo Foodservices AB - employee data
Menigo Foodservices AB - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member of the Board | BM |
BM Board Member
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