FSN Capital acquires Der Bäcker Eifler to form BrotWert-Gruppe

Norwegian investor FSN Capital has acquired a majority stake in the Frankfurt-based bakery chain Der Bäcker Eifler. This acquisition integrates the company into the newly formed BrotWert-Gruppe, which also includes Bäcker Görtz and Bäckerei Pappert.

The BrotWert-Gruppe will operate approximately 500 branches across Northern Bavaria and the Rhein-Main and Rhein-Neckar regions, positioning it as one of Germany’s largest regional bakery groups. Der Bäcker Eifler, which operates 95 locations, will continue to be managed by Michael and Gerhard Eifler, with the family maintaining a stake in the business.

The move reflects a broader trend in Germany where private equity firms are increasingly targeting traditional craft businesses and family-run companies to drive value through efficiency and scale. The number of buyout-focused investment companies in Germany has grown significantly, rising from approximately 130 in 2016 to nearly 200 today.