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Product innovations and internationalisation
€95.6mn
EQUITY INVESTMENT
€512MN
REVENUES 2021
3,600
EMPLOYEES 2021

KEY FACTS AT A GLANCE

  • Growth potential through new customers, product innovations and premiumisation
  • Initial focus: Operational improvements to cope with significant increase of raw material prices
  • Leveraging cross-selling potential of complementary businesses

MORE THAN MEALS

Investment by
DBAG FUND VII

€95.6MN

DBAG'S INTEREST

€17.6MN

MANAGEMENT BUYOUT

MAJORITY
INVESTMENT OF
DBAG FUND VII

First invested

APRIL 2017

REVENUES in €mn

 

531

 

2019

 

538

 

2020

 

512

 

2021

As of 31 March 2022

~3.5

MILLION

chilled ready meals and snacks are produced by Oscar Mayer alone every week

In a market characterised by consistently growth we have been creating the first European champion for chilled ready meals and snacks.

KAI WIESENBACH
MANAGING DIRECTOR

PROFILE

Two companies, which will continue to be managed independently at the beginning, operate under the umbrella of More than Meals. Abbelen is a leading German manufacturer that is responsible for producing more than half of all rissoles and ready-made hamburgers for the own-brand ranges of major supermarket and discount chains in Germany and its neighbouring countries. The company runs a state-of-the-art factory in Tönisvorst (North Rhine-Westphalia).

Oscar Mayer is the market-leading manufacturer of chilled ready meals in the United Kingdom, which is by far the biggest and most innovative market for these products in Europe. The company has four sites in England and Wales and produces more than three million chilled ready meals and snacks a week for the own-brand ranges of leading retailers and discount stores.

POTENTIAL FOR DEVELOPMENT

The companies that belong to the More than Meals group plan to expand the range of innovative products they offer and to make their activities, which are currently focused largely on the individual domestic markets, more international. The focus will also be on cost cutting measures and operational improvements, for example, by automating production processes.

 

 

Responsible team member

Kai Wiesenbach
Kai Wiesenbach

Managing Director

Kai Wiesenbach
+49 69 95787-238

Kai Wiesenbach

Managing Director

Kai Wiesenbach joined Deutsche Beteiligungs AG in 2004 and became a Managing Director in 2010.

He holds a degree in Business Administration from Goethe University, Frankfurt.

Kai Wiesenbach can look back on 17 years of experience in private equity. During that time, he gained extensive expertise, particularly in mechanical and plant engineering and the automotive supplier sector. He was involved in numerous acquisitions and realisations, including Coperion, Heim & Haus and Lewa. He led the investment process in Formel D and More than Meals and sits on the advisory council of More than Meals.

Current portfolio companies

Polytech Health & Aesthetics More than Meals

Former portfolio companies

Kai Wiesenbach

Managing Director

+49 69 95787-238