AURELIUS Growth Investments portfolio company, Better Taste Holding, acquires KidsMeal GmbH & Co. KG
Buy and build strategy
On 10th October 2019 Better Taste Holding, the catering provider owned by AURELIUS Growth Investments SE & Co. KG (“AGI”), has acquired KidsMeal GmbH & Co. KG (“KidsMeal”). KidsMeal is a catering provider focusing on fresh meals for schools, nurseries and day-care centres in the southwestern area of Germany around the cities of Mannheim, Ludwigshafen, Frankfurt, Karlsruhe and Heidelberg. The transaction is the first add-on acquisition of Better Taste Holding and underlines AGI’s approach of supporting its portfolio companies both with organic growth measures and add on acquisitions.
Commenting on the acquisition, Andreas Müller, CEO of Better Taste Holding, stated “KidsMeal is an interesting addition for our Lunch & More catering segment and will contribute to further expanding our geographic reach in the southwest of Germany. We are looking forward to working closely together with the company’s founder, Tom Böhm, who will continue to work as Managing Director of KidsMeal”.
Tom Böhm added: “We are looking forward very much to continue KidsMeal’s growth path as part of the Better Taste Group, backed by AGI”.
KidsMeal was founded in Wilhelmsfeld in 2008 as a catering provider for nurseries. Since then, the company has grown organically and today has 47 employees. KidsMeal expanded its customer portfolio by also catering for schools and day-care centres in the area of Mannheim, Ludwigshafen, Frankfurt, Karlsruhe and Heidelberg. KidsMeal is focused on healthy meals based on locally sourced, organic ingredients.
About AURELIUS Growth Investments
As part of the AURELIUS Group, AURELIUS Growth Investments focuses on small and medium-sized buyouts/succession solutions, as well as on the acquisition of company segments of larger medium-sized companies (spin-offs).
The portfolio of AGI now comprises seven companies. Aside from Better Taste Holding, AURELIUS Growth Investments holds majority stakes in: the service provider for airplane manufacturers, airline interior decorators and major airlines ‘AES’, the bar and restaurant chain operator ‘Bolero’, the packaging company ‘Roundliner’, the service provider for technical building equipment ‘G+N’, the industrial service provider ‘Marcus Transport’ and the IT services and cloud solutions provider ‘IDKOM Group’.
AGI supports its portfolio companies with both capital for investments, growth and entrepreneurial expertise; thereby, it can realise growth and leverage existing potential.
Contact person on the KidsMeal transaction
Mobile +49 162 239 00 70