mynth
12/2023

FISK IDAG acquired by JOHAN I HALLEN & BERGFALK

SWEDEN B2B Specialized Distribution REV SEK 250–500M

Context

Johan i Hallen & Bergfalk (JHB) is a Nordic fresh protein distribution and processing platform serving the HoReCa sector, further strengthening its Food Service Distribution (FSD) capabilities through the acquisition of Fisk Idag, a Gothenburg-based seafood specialist. Since its integration into METRO AG in May 2023, JHB has operated as a regional consolidation infrastructure across Sweden and Finland, combining specialised distribution, integrated processing capabilities and a logistics footprint covering key Nordic metropolitan areas. The acquisition of Fisk Idag reflects a targeted deepening of high-expertise categories, particularly fish and seafood, while reinforcing operational density in Western Sweden. The transaction enhances access to local fisheries sourcing networks, increases product assortment depth and adds incremental processing capacity within the group’s integrated value chain. Beyond geographic and category expansion, the deal supports a broader strategy of upgrading service levels to HoReCa customers through more specialised distribution solutions and improved proximity in key regional markets. It contributes to the development of a fully integrated Northern European foodservice platform, designed to address market fragmentation through a combination of local expertise, industrial integration and scale efficiencies.

FISK IDAG, which reported an EBITDA margin of [members only] in 2023, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Business Services sector (11.4x).

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Target

Fisk Idag i Göteborg AB is a Swedish seafood and fish distribution company focused on supplying fresh fish and shellfish to the HoReCa sector and professional food retail. Founded in 1992 in Gothenburg, the company has developed into a recognised regional player within the Nordic fresh seafood supply chain. The company operates from the Gothenburg fish harbour area (Fiskhamnen) as well as production facilities in Öckerö, combining wholesale distribution with processing and value-added preparation of seafood products. Fisk Idag serves several hundred professional customers across Sweden, including restaurants, hotels and foodservice operators, with strong capabilities in sourcing and handling fresh fish and shellfish from local fisheries.

Ent. Value

SEK 250–500M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (SEK)

Year
Rev
EBITDA
EBIT
2023
SEK 250–500M
SEK 0–5M
[members only]
2022
SEK 250–500M
SEK 0–5M
[members only]

Similar deals in B2B Specialized Distribution

Similar deals in B2B Specialized Distribution

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DateAcquirerTargetCountrySector
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07/2023METROJOHAN I HALLEN & BERGFALKSWEDENB2B Specialized Distribution
06/2023PAI PARTNERSECF GROUPFRANCEHospitality Supplies
12/2022KITWAVE GROUPWESTCOUNTRY FOODUNITED KINGDOMB2B Specialized Distribution
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02/2022KITWAVE GROUPM.J. BAKER FOODSERVICEUNITED KINGDOMB2B Specialized Distribution
10/2021TOWERBROOKGROUPE BRUNEAUFRANCEOffice Supplies & Furniture
04/2021BUR DISTRIBUTIONACCENT BIOFRANCEB2B Specialized Distribution
07/2020ECOTONEDANIVALFRANCEB2B Specialized Distribution

REFERENCES

Revenue range: SEK 250–500M

EBITDA range: SEK 0–5M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FISK IDAG by JOHAN I HALLEN & BERGFALK are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: fisk idag

Acquirer: johan i hallen & bergfalk