PE Deals

Aurelius-backed Better Taste buys Caseda Gastro

Caseda is a catering provider headquartered in Darmstadt, Germany. 

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  • Caseda’s operations align with Better Taste’s existing presence in south-western Germany due to its central location within the Rhine-Main region
  • This deal is the fourth add-on acquisition for Better Taste under Aurelius’ ownership
  • Aurelius Growth Investments is a member of Aurelius Group, a pan-European alternative investment firm

Better Taste Group, backed by Aurelius Growth Investments, has bagged Caseda Gastro Services, a catering provider in the Rhine-Main metropolitan region that provides fresh meals to schools, kindergartens, and company cafeterias. No financial details of the transaction were disclosed.

Caseda, founded in 2009, employs 65 people. The firm is based in Darmstadt, Germany.

Caseda’s operations align with Better Taste’s current presence in south-western Germany due to its central location within the Rhine-Main region.

This deal marks the fourth add-on acquisition for Better Taste under the ownership of Aurelius.

The acquisition underlines Aurelius Growth Investments’ strategy of actively expanding portfolio firms via the targeted acquisition of market participants, according to a release.

“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,” said Nico Vitense, managing partner, Growth Investments.  “The acquisition will allow Better Taste to continue building its strong market position across southwest Germany.”

The Growth Investments’ team who assisted in the transaction included Nico Vitense, managing partner, Jonas Anochin, investment manager, and Florian Scheck, senior investment associate.

Aurelius Growth Investments is a member of Aurelius Group. Aureliusis a pan-European alternative investment firm based in Grunwald, Germany. The firm has offices in London, Luxembourg, Munich, Amsterdam, Stockholm, Madrid, Milan and Dusseldorf.

Hans-Jörg Wittmann supported the firm in the areas of tax due diligence, legal due diligence, and legal advice.