Late additionCarve-out

Jotunfjell Partners acquires Eisunion

Wholesale for ice cream parlours and cafés · Feucht, Germany

SourcingClub was not involved in this transaction.

The Nic Group sells Eisunion GmbH to the Norwegian investor Jotunfjell Partners. Eisunion supplies ice cream parlours and cafés with over 5,000 items, and the management continues.

In context

FalkenSteg is named as adviser on 2 deals on the Deal-Radar.

Deal-Radar editorial team · responsible:

late addition, source dated 02 Sept 2026: falkensteg.com

How the deal fits together.

  1. Nic Group (Orkla Food Ingredients)Seller
  2. EisunionTarget
  3. Buyer: Jotunfjell Partners

Who was involved.

Target
Eisunion, Feucht
Seller
Nic Group (Orkla Food Ingredients)
Type
Carve-out
Sector
Retail and consumer goods
Country
Germany
Source dated
02/09/2026
Sell-side
FalkenStegaccording to the source
Other
Larkaccording to the source

Deal-Radar no. 46-167 · added in Week 46/2026, first reported on 02/09/2026 · publicly reported, no guarantee · SourcingClub was not involved in this transaction. Report an error · Sources and limits

We report publicly announced information and link the source; we accept no liability for its accuracy. No offer and no investment, legal or tax advice. The operators of linked pages are responsible for their content. We correct errors as soon as we learn of them. The context is based only on deals recorded in the Deal-Radar and is not complete.

Valuation in this industry.

3.4 to 6.8times EBITDA

  • 3.4x to 4.8xRevenue under €5m
  • 4.4x to 5.5x€5m to €50m
  • 5.1x to 6.8xover €50m

Market range for Bricks-and-Mortar Wholesale & Retail, not the price of this deal. Data basis: DUB KMU-Multiples, Q3/2026; preparation: SourcingClub.

September 2026 on the Deal-Radar.

17 of 121 deals were of the type Carve-out.

  1. Strategic50
  2. Carve-out17
  3. Add-on15
  4. Buy-out11
  5. Insolvency10
  6. Minority stake6
  7. Succession5
  8. Funding round4
  9. Merger2
  10. Secondary1

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Information from public sources, without guarantee and without claim to completeness. No investment or legal advice. Published on 14 November 2026.