International legal practice Osborne Clarke has advised Gustoso Group on its purchase of a majority shareholding in the burger concept, Ruff’s Burger. The founders of Ruff’s Burger and the commercial manager will continue to manage business operations and will collaborate with a team of the Gustoso Group to expand the business concept across Germany. The parties have agreed not to disclose the terms of the investment.
The Munich-based Gustoso Group is a fast-growing system gastronomy group which was founded in 2015 by Dr. Theodor Ackbarow and AUCTUS Capital Partners. Together with their partners, the group runs almost 65 restaurants and includes brands such as Cotidiano, Sushi.Wrap and Ciao Bella and now Ruff’s Burger. Several additional locations and growth investments in the system gastronomy are already being planned. The investment in Ruff’s Burger expands the product range of the Gustoso Group with the product Better Burger. Gustoso will support Ruff’s Burger with their expertise in IT, HR, purchasing and expansion. Dr. Theodor Ackbarow, CEO of the system gastronomy group Gustoso, says that “the focus will be on central inner-city locations, shopping malls and the traffic gastronomy”.
Ruff’s Burger developed from a food truck on a weekly market in Munich to a burger concept with storesin eight locations. With a retail space of approximately 50-120 square meters per store, the company generates an annual turnover of EUR one million.
An Osborne Clarke team led by Dr. Nanni Spitzer advised the Gustoso Group on this transaction. The team also included Philip Meichssner, Alexandra Nautsch and Lorenz Chwaszcza (all Corporate), André Braig (Employment) and Christoph Boeminghaus (Commercial).