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Unigestion invests in Zeit für Brot

Unigestion invests in Zeit für Brot

  • Private equity
  • Press releases

Unigestion, the independent specialist asset manager, has closed its investment in Zeit für Brot („Zeit für Brot“ or “the Company“) in a transaction alongside the existing owners – Afinum and the founder, Dirk Steiger. Unigestion is dedicated to support the further growth of the Company while maintaining its highest quality and sustainability standards.

Zeit für Brot is an organic premium bakery concept with numerous locations in major cities across Germany. The Company brings the bakery craft back into cities such as Berlin and Frankfurt, offering customers an authentic experience. Since 2009, it has developed a unique concept based on organic products, locally sourced ingredients, on-site open bakeries (“Backstuben”), craftsmanship and sustainability in combination with a modern appeal. The combination of these factors has led to ongoing high demand, strong customer satisfaction-ratings and loyalty.

Besides revenues from in-store consumption and takeaways, Zeit für Brot is also delivering its products to selected organic food retail chains, as well as to customers in the dynamic quick-commerce space. The Company has a strong track-record of superior growth and profitability, driven by existing locations as well as new openings.

Given Zeit für Brot’s growth prospects, Afinum and Dirk Steiger have chosen Unigestion as a strong financial and strategic partner. The joint strategy is to further roll-out Zeit für Brot’s unique concept by opening new locations in Germany and beyond. In addition, the Company sees tangible growth potential in its B2B business and screens selective acquisition opportunities. Unigestion will hold a significant minority stake and will join the Board of Directors, having co-controlling governance together with Afinum. Afinum is co-investing via its new fund “Afinum 9”.

Dirk Steiger, co-founder and co-owner of Zeit für Brot, said: ” Our aim and vision is to build, roll-out and internationalise our concept further, enabling more people to access our products and experience. We are extremely happy to gain a strong, international partner with Unigestion.

Philipp Scheier, Partner at Unigestion, said: “Zeit für Brot is a unique environmentally responsible and fully organic bakery concept and brand We are proud to participate in and support the Company’s further successful development.”

Afinum comments: “Since our initial investment back in 2018, we have seen the Zeit für Brot team grow and develop with so many talented and passionate individuals coming on board. We are proud of the team and the organisation that we helped building together with Dirk and look all forward to partnering with Unigestion to continue our growth path.”

The investment in Zeit für Brot underpins Unigestion’s active direct investment strategy in the German-speaking area, coming only months after Unigestion led the buyout of Home Instead in Switzerland. As for all Unigestion investments, ESG considerations were systematically integrated within the investment process, ensuring that the investment creates long-term, sustainable value for our clients, stakeholders and for society.

For further information please email us at: corporatecommunicationteam@unigestion.com

Important Information
The information and data presented in this document may discuss general market activity or industry trends but is not intended to be relied upon as a forecast, research or investment advice. It is not a financial promotion and represents no offer, solicitation or recommendation of any kind, to invest in the strategies or in the investment vehicles it refers to. Some of the investment strategies described or alluded to herein may be construed as high risk and not readily realisable investments, which may experience substantial and sudden losses including total loss of investment. The investment views, economic and market opinions or analysis expressed in this document present Unigestion’s judgement as at the date of publication without regard to the date on which you may access the information. There is no guarantee that these views and opinions expressed will be correct nor do they purport to be a complete description of the securities, markets and developments referred to in it. All information provided here is subject to change without notice. To the extent that this report contains statements about the future, such statements are forward-looking and subject to a number of risks and uncertainties, including, but not limited to, the impact of competitive products, market acceptance risks and other risks. Data and graphical information herein are for information only and may have been derived from third party sources. Although we believe that the information obtained from public and third party sources to be reliable, we have not independently verified it and we therefore cannot guarantee its accuracy or completeness. As a result, no representation or warranty, expressed or implied, is or will be made by Unigestion in this respect and no responsibility or liability is or will be accepted. Unless otherwise stated, source is Unigestion. Past performance is not a guide to future performance. All investments contain risks, including total loss for the investor. Unigestion (UK) Ltd. is authorised and regulated by the UK Financial Conduct Authority (FCA) and is registered with the Securities and Exchange Commission (SEC). Unigestion Asset Management (France) S.A. is authorised and regulated by the French “Autorité des Marchés Financiers” (AMF). Unigestion Asset Management (Canada) Inc., with offices in Toronto and Montreal, is registered as a portfolio manager and/or exempt market dealer in nine provinces across Canada and also as an investment fund manager in Ontario, Quebec and Newfoundland & Labrador. Its principal regulator is the Ontario Securities Commission. Unigestion Asset Management (Düsseldorf) SA is co-regulated by the “Autorité des Marchés Financiers” (AMF) and the “Bundesanstalt für Finanzdienstleistungsaufsicht” (BAFIN). Unigestion SA has an international advisor exemption in Quebec, Saskatchewan and Ontario. Unigestion SA is authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA). Unigestion SA’s assets are situated outside wof Canada and, as such, there may be difficulty enforcing legal rights against Unigestion SA.

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