Litorina acquires a majority stake in Brödernas, a fast-growing restaurant chain focused on serving high-quality burgers and pizza in Sweden
Brödernas has established a strong brand and a loyal customer base by offering smashed premium burgers and Neapolitan pizza combined with first class service and a friendly atmosphere
The well-defined concept has proven to be scalable and has profitably expanded its footprint in Sweden and beyond
The founders and management team will remain significant owners, and Litorina will support them to continue the successful expansion in Sweden and internationally
Brödernas was founded in 2017 by the brothers Joakim and Jonas Wiklander. In early 2019, the brothers Monir Kalgoum and Mika Zibanejad joined, and a successful Swedish expansion was initiated. The company has since grown rapidly to 34 restaurants today, with yearly sales of ca SEK 240 million and an ambitious plan to reach 60-70 restaurants in 2021.
Brödernas targets a broad public by serving high-quality smashed burgers, Neapolitan pizza and fresh salads in an inviting atmosphere with welcoming and service-oriented staff. In addition, Brödernas has established a strong presence on social media and partakes in various collaborations and social initiatives. For example, Brödernas partners with influencers and celebrities who create their own burgers, and for each sold burger, 10 SEK is donated to charity.
“We actively look for partnerships with outstanding founders and we are highly impressed with Brödernas’ success to date showing spectacular growth and a consistent strong focus on high-quality food and best-in-class service”, says Mattias Letmark, Partner at Litorina. “We have broad experience from scalable roll-out cases and the food service sector and are very pleased that the founders of Brödernas have chosen Litorina as their preferred partner going forward. We are truly looking forward to the journey ahead”.
“We are very excited to partner with Litorina. We were looking for someone with relevant experience for the next phase in our growth journey” says Joakim Wiklander, co-founder and CEO of Brödernas. “We felt that Litorina was a very good match since they have partnered up with founders in similar situations before and have a successful history of supporting fast-growing consumer companies. We believe that Litorina will be the best partner to facilitate our continued growth journey to become a leading restaurant chain in the Nordics”.
Brödernas was founded in 2017 by the brothers Joakim and Jonas Wiklander. In early 2019, the brothers Monir Kalgoum and Mika Zibanejad joined, and a successful Swedish expansion was initiated. The company is a premium casual dining and fast casual restaurant chain, targeting a broad public by serving high-quality smashed burgers, Neapolitan pizza and fresh salads in an inviting atmosphere with welcoming and service-oriented staff. For more information, please visit www.brodernas.nu.
Litorina, founded in 1998, invests in niche market leading companies with headquarters in the Nordics. Litorina partners with management teams and entrepreneurs that want to take their companies to full potential. Litorina aims to build larger, better and more sustainable companies by contributing relevant experience, knowledge, passion and resources to accelerate growth. For more information, please visit www.litorina.se.