Tillbaka till Deal History

Carlsquare advised KKA Partners and its portfolio company Mühldorfer Nutrition Holding on the add-on acquisition of Vilstalmühle-Balk as part of their buy-and-build strategy

Carlsquare advised KKA Partners and its portfolio asset Mühldorfer Nutrition (Mühldorfer Group) on the acquisition of heritage mill Vilstalmühle-Balk in Vilsbiburg. This marks an additional significant step in KKA’s buy-and-build strategy to form a leading integrated pet food platform, following the acquisition of Mühldorfer Nutrition AG in early 2025. Carlsquare acted as the exclusive financial advisor to the seller.

The Mühldorfer Group, headquartered in Mühldorf am Inn, Upper Bavaria, is one of Europe’s innovation leaders in animal nutrition and health. Founded in 1994 by Klaus Mittermeier, the rapidly expanding Group focuses on the development and production of optimally balanced nutrition and care products for all animals. Specialty feeds for horses, pet food for dogs and cats, pharmaceutical and care products as well as premium and organic products for livestock, agriculture, and hobby farming are produced in eleven modern development and production facilities in Germany, Austria, and Spain and distributed worldwide. The Group’s core competence lies in the individual development of ideas, products, and services — tailor-made and sustainable for each customer.

KKA Partners was founded in 2018 and is a Berlin-based private equity firm investing in leading small- to medium-sized companies in Germany, Austria and Switzerland. The fund invests in established, profitable and growing niche champions, leveraging its strong access to the DACH Mittelstand. KKA helps its portfolio companies realize their full potential by combining traditional and technology-driven value driver strategies.

Vilstalmühle looks back on 800 years of history and is one of the oldest companies in Germany continuously operating at the same location. Today, the heritage mill is a modern, high-performing mid-sized enterprise with highly automated production and an excellent reputation, producing high-quality animal feed on fully electronically controlled systems.

Carlsquare acted as the exclusive financial advisor to KKA Partners and the Mühldorfer Group.