We advised Dutch Bakery, a portfolio company of Standard Investment, on the acquisition of Tjendrawasih. The Alkmaar-based Tjendrawasih is active in the production of oriental snacks and stocked convenience bread snacks, including bapao, pita, gua bao and open-top bread snacks. The acquisition of Tjendrawasih fits into the strategy of Dutch Bakery, which in recent years through acquisitions and organic growth has become the market leader in home bake-off bread in the Netherlands. With bakeries in Waalwijk, Tilburg and Eindhoven, Dutch Bakery produces nearly a billion rolls, including kaiser rolls, croissants, baguettes and sausage rolls. Dutch Bakery, which employs 400 people, sells its products in the Netherlands and abroad to large supermarket organizations.