01. July 2025

ARQIS has provided comprehensive legal advice to BBOF VI Holding C. V. (“Bencis”) on the sale of its stake in the Elbfrost Group to NPM Capital. This is NPM Capital’s first transaction in the DACH region. Bencis entered a strategic partnership with Elbfrost in May 2022. With a growth-oriented management team and extensive industry expertise, Bencis has driven Elbfrost's expansion and laid a robust foundation for further growth. The transaction is expected to be closed in the third quarter of 2025, subject to regulatory approvals.

The Elbfrost Group has been supplying institutional foodservice customers with frozen and dry products since 1990 and is established as a leading food distributor and logistics provider. Headquartered in Marl, North Rhine-Westphalia, the group supplies customers throughout Germany from several locations.

Tobias Classen, Managing Director at Bencis, stated: “We are proud to have supported the Elbfrost team on its journey over the past years. A true partnership that led to a successful transformation of the company and an acceleration of growth. We are confident Elbfrost will continue to thrive with their new partner NPM.”

Bencis has been investing in companies in the Netherlands, Belgium, and Germany for over 20 years. Its focus includes sectors such as industry and manufacturing, food and beverages, business and consumer services, healthcare and leisure, and wholesale and retail.

NPM Capital is a leading investment company headquartered in Amsterdam with offices in Munich and Ghent. Its investments focus on companies in the Benelux countries and the DACH region.

An ARQIS team headed by partner Dr. Jörn-Christian Schulze regularly advises Bencis, in particular also on its investment in Elbfrost in 2022.

Advisor to Bencis
ARQIS (Dusseldorf): Core Deal Team: Dr. Jörn-Christian Schulze (Partner, Lead), Dr. Maximilian Backhaus (Managing Associate), Tim Meyer-Meisel (Associate, all Transactions), Partner: Thomas Chwalek (Transactions), Dr. Ulrich Lienhard (Real Estate), Counsel: Malte Griepenburg (Transactions), Jens Knipping (Tax), Nora Stratmann (Commercial, Munich), Martin Weingärtner (HR.Law), Managing Associates: Tim Bresemann (Real Estate), Marina Bumeder (HR.Law, Munich), Rolf Tichy (IP, Munich), Associates: Ivo Ertekin, Steffen Schubert (both Transactions), Rebecca Gester (Commercial, Munich), Senior Legal Specialist: Qing Xia (Transactions)

MARCK (Düsseldorf): Dr. Georg Schmittmann (Antitrust Law)

Poellath (Munich): Dr. Barbara Koch-Schulte, Dr. Michael de Toma (Advisor to the Management)