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Carlsquare advised the shareholders of Mühldorfer Nutrition AG on the management buyout supported by KKA Partners

Carlsquare advised the shareholders of Mühldorfer Nutrition AG, a leading specialized producer and distributor of private label and branded pet food, animal feed and healthcare products, on the management buyout supported by Berlin-based private equity investor KKA Partners. This transaction marks the foundation of the company’s envisaged growth and expansion strategy to become an industry leading integrated pet food platform via buy-and-build. Founder and CEO, Klaus Mittermeier, together with Andreas Altermann as COO will stay on board to drive the growth story.

Founded in 2003 in Mühldorf am Inn, Germany, by Klaus Mittermeier, Mühldorfer Nutrition AG is a specialized producer and marketeer of pet food, animal feed and healthcare, both for white-label and own brands. Between the highly fragmented producer landscape on one side and the consolidated retail landscape on the other side, Mühldorfer Nutrition connects retail customers with producers and offers full-service brand and supply chain management services.

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. Leading institutional investors worldwide, including the European Investment Fund (“EIF”), entrust the KKA team with their capital. This transaction also receives support from the European Union under the InvestEU Fund.

“We are excited to have found the right partner in KKA to support us in this pivotal next phase of growth and expansion to realize our vision of building an integrated one-stop-shop player for pet food and animal health. My sincere gratitude to Nico Schmidt-Weidemann and the Carlsquare Team for their outstanding expertise and guidance throughout this process.” – Klaus Mittermeier, Founder Mühldorfer Nutrition AG

“Mühldorfer Nutrition AG stands out due to its innovation and problem-solving competencies, where it has an edge over its competition. KKA looks forward to collaborating with the company and its employees to further develop its market leading position through select acquisitions. Mühldorfer Nutrition AG is at the core of KKA’s investment focus to acquire Mittelstand niche champions with strong potential and competitive edge.” – Patrick Feller, Founding Partner, KKA Partners

Carlsquare acted as the exclusive financial advisor to Mühldorfer Nutrition AG and its shareholders.