The crowd success story
Sometimes it doesn't take more than six friends and their love of burgers to come up with a brilliant business idea. That's what happened to Sebastian, Rasmus, Kaj, Saul, Ole and Peter, who founded the Finnish burger chain Friends & Brgrs. The idea: great burgers with freshly baked burger buns, homemade minced meat and triple-cooked fries - and at affordable prices. After its founding in 2014, the concept quickly caught on and the company quickly expanded to many cities in Europe.
Through Invesdor, Friends & Brgrs found like-minded people in 2016 who believed in the success of the Fresh Casual restaurant concept. The share issue raised 980,000 euros from 560 investors. The money was invested in further international expansion. And already in 2020, the exit came through the sale to NoHo Partners, which brought the investors a return of 22.50 %.
Burger love is rewarded with attractive returns
In October 2016, Friends & Brgrs raised 980,000 euros in equity funding for their international expansion with the crowd. The share price was 24.50 euros and shareholders were given full shareholder rights and the chance to participate directly in the growth of the fast food chain. Friends & Brgrs was acquired by NoHo Partners in 2020 for 30 euros per share and brought its investors an attractive return of 22.5 %.
From Finnland to the metropolises of Europe
The Pietarsaari-based fast food chain continues to have extensive expansion plans. Friends & Brgrs has 15 restaurants so far in the Helsinki area and Ostrobothnia, among other places. The plan is to open 10 new restaurants per year over the next three years, which means there should be about 50 restaurants by the end of 2024.
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Email: service@invesdor.com
Phone: +49 30 364 285 707
Your contact person
Sebastian Kutschker
Senior Customer Success Manager
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