Grünwald/Darmstadt, February 24, 2023 – Better Taste Group (Better Taste), a portfolio company of AURELIUS Growth Investments (Growth Investments, member of AURELIUS Group), has acquired CASEDA Gastro Services GmbH (Caseda), Darmstadt. The company is a leading catering provider in the Rhine-Main metropolitan region, catering fresh meals to schools, kindergartens, and company cafeterias.

Caseda was founded in 2009 by Georg-Dieter Seeger and employs 65 staff. The company operates two central production centers in Pfungstadt and Frankfurt, as well as two smaller kitchens in Mainz and Weiterstadt. Due to the company’s central location within the Rhine-Main region, Caseda operations strategically align with Better Taste’s existing coverage in south-western Germany.

The transaction represents the fourth add-on acquisition for Better Taste under AURELIUS ownership. The acquisition underlines Growth Investments’ strategy of actively expanding portfolio companies through the targeted acquisition of market participants.

“The addition of Caseda, a leading regional catering provider, strengthens Better Taste with its focus on providing fresh meals to schools, kindergartens and day care centres. The acquisition will allow Better Taste to continue building its strong market position across Southwest Germany”, says Nico Vitense, Managing Partner AURELIUS Growth Investments.

“A partnership between Better Taste Group and Caseda significantly strengthens our market position in the region of Rhine-Main. We are very much looking forward to working with the company's founder and managing director, Georg-Dieter Seeger, as well as the entire Caseda team. Together we would like to explore new opportunities for growth and additional potential across the region”, comments Andreas Krestel, CEO of Better Taste.

“With the support of Better Taste and AURELIUS Growth Investments, Caseda now has the opportunity to grow its operations even further and capitalise on the untapped potential which is still to be realised”, added Georg-Dieter Seeger Founder and Managing Director of Caseda.

On behalf of Growth Investments, the transaction was executed by Nico Vitense (Managing Partner), Jonas Anochin (Investment Manager) and Florian Scheck (Senior Investment Associate). The team was supported by Hans-Jörg Wittmann (Kuzaj Wittmann & Partner Rechtsanwälte Steuerberater PartG) in the areas of Tax Due Diligence, Legal Due Diligence and Legal Advice.

Contacts
Nico Vitense
Managing Partner

Jonas Anochin
Investment Manager

Florian Scheck
Senior Investment Associate

About AURELIUS

AURELIUS is a globally active alternative investment firm, distinguished and widely recognized for its operational approach. The firm has been growing significantly in recent years and now has EUR 11 bn in group revenues and more than 300 professionals working out of 10 offices across Europe and North America. AURELIUS is focused on private equity, private debt, and real estate.

The Group is a renowned specialist for complex investments with operative improvement potentials such as corporate carve-outs, platform build-ups or succession solutions as well as specialised financing solutions.

Founded in 2005, with more than 250 transactions completed to date, AURELIUS has built a strong track record for delivering superior returns to its investors through its flexible approach, uncompromising focus on operational excellence, ability to carry out multi-dimensional transactions, prudent risk management and long-term investment philosophy.

AURELIUS Growth Investments is a member of AURELIUS Group. Its portfolio comprises 15 companies. In addition to capital for investments and growth, AURELIUS Growth Investments supports the management of its portfolio companies through its extensive entrepreneurial experience and helps with realizing operational potential and the implementation of growth initiatives.