Munich – AFINUM Achte Beteiligungsgesellschaft mbH & Co. KG has invested in the Zeit für Brot Group. Together with AFINUM, existing shareholder Dirk Steiger plans to expand the company, in particular by opening new outlets and accelerating growth in the B2B segment via both bricks-and-mortar branches and e-commerce sales.
A CMS team headed by partner Dr Oliver Thurn advised AFINUM on the legal aspects of the investment. Private equity investor AFINUM has repeatedly worked with the Munich CMS office. Last year the law firm advised on the investment in IT service provider Garz & Fricke, and most recently on the acquisition of ChainMaster Bühnentechnik GmbH on behalf of LIFTKET Hoffmann GmbH, a portfolio company held by AFINUM Siebte Beteiligungsgesellschaft mbH & Co. KG.
Zeit für Brot is a premium food concept built around bread and related product groups made using high-quality Bioland ingredients. It currently has six outlets across several German cities. Over the last ten years, the company has developed a food proposition which it believes to be unique, based on slow food, quality, artisan craftsmanship and sustainability. Alongside in-shop sales and takeaway custom, Zeit für Brot also delivers its products to organic markets, upscale restaurants and online platforms such as Amazon Fresh and Amazon PrimeNow.
The growth strategy to be pursued together with AFINUM involves opening further outlets and adapting the organisational structure to meet the increasing challenges of a growing network of branches while simultaneously unlocking the full growth potential of the concept.
The investment in Zeit für Brot is the second transaction conducted by AFINUM Achte Beteiligungsgesellschaft mbH & Co. KG.
AFINUM is an independent management-owned private equity firm with offices in Munich, Zurich, Vienna and Hong Kong. It specialises in taking stakes in successful mid-market companies in the German-speaking region of Europe.
CMS Germany
Dr Oliver Thurn, Lead Partner
Dr Jacob Siebert, Partner
Maximilian Mersch, Senior Associate
Dr Jessica Mohaupt, Senior Associate, all Corporate
Dr Marc Seibold, Partner
Dr Andreas Grunert, Counsel, both Banking & Finance
Dr Eckhard Schmid, Partner
Dr Ute Bartholomä, Counsel, both Labor, Employment & Pensions
Inhouse Legal Team (Munich)
Dr Hermann Rock, General Counsel
Press Contact
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