DEEN
Product innovations and internationalisation
€80.9mn
EQUITY INVESTMENT
€435MN
REVENUE 2016
3,250
EMPLOYEES 2016

KEY FACTS AT A GLANCE

  • European market leader
  • Further acquisitions strived
  • Growth driver: Product innovations and internationalisation

MORE THAN MEALS EUROPE S.À R.L.

Investment by
DBAG FUND VII

€80.9MN

thereof DBAG

€15.0MN

MANAGEMENT-BUY-OUT
Shareholders:
DBAG FUND VII

99.1%

thereof DBAG

18.2%

other shareholders

0.9%

First invested

APRIL 2017

REVENUES in €mn

 

435

 

2016

As of 30 June 2017

Creating a European market leader with leading national providers of fresh convenience food products is, in our opinion, an attractive entrepreneurial approach. The market for ready meals and snacks is rarely cyclical and is constantly growing at a high rate, and private labels are benefiting particularly strongly. We are investing in a very attractive segment of the food market.

KAI WIESENBACH
MANAGING DIRECTOR

CHILLED CONVENIENCE FOOD

The management holding company “More than Meals Europe” is a merger of two companies: Abbelen and Oscar Mayer. The two companies continue to be run autonomously, but operate under the umbrella of a joint company:

Abbelen is the largest manufacturer of chilled meatballs and ready-made burgers in Germany. With a staff of about 600, the company produces convenience meat products in its state-of-the-art meat processing factory in Tönisvorst (North Rhine-Westphalia) and supplies all large supermarket and discounter chains in Germany and bordering countries. More than half of all meatballs or burgers produced in Germany for the private labels sold by supermarket and discounter chains come from Abbelen.

Oscar Mayer is the leading producer of chilled prepared meals in the United Kingdom, the most significant and most innovative market by far for these products in Europe. The company operates four sites in England and Wales. With a staff of about 2,650, Oscar Mayer produces more than three million chilled prepared meals and snacks a week. Oscar Mayer’s products are sold in the UK under private labels of leading grocery retailers and discounters.

POTENTIAL FOR DEVELOPMENT

The management holding company aims to make add-on acquisitions that both complement the product portfolio and offer products which are also marketable in multiple markets. New innovative products and stronger internationalisation of activities that have largely focused on the domestic markets until now are to contribute towards the group’s expansive development.

Responsible team member

Kai Wiesenbach
Kai Wiesenbach

Managing Director

Kai Wiesenbach
Name:
Kai Wiesenbach
Investment focus:
Management buyouts
Telephone:
+49 69 95787-238
E-Mail:

Kai Wiesenbach

Managing Director

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

He earned a degree in Business Administration from Goethe University Frankfurt am Main focusing on finance and accounting.

Kai Wiesenbach can look back on more than twelve 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

More than Meals Europe S.à r.l.

Former portfolio companies

Kai Wiesenbach

Managing Director

+49 69 95787-238
kai.wiesenbach@dbag.de