Egeria enters new partnership with Junge Die Bäckerei.
Egeria is pleased to announce that it has entered into an agreement to acquire Junge Die Bäckerei., together with its management team. The Junge family will remain with the company as shareholders and in an advisory capacity.
Junge Die Bäckerei. is the leading provider of bakery and quick-service food concepts in northern Germany and was founded in 1897. The Lübeck-based family business operates 210 stores and three production facilities in Lübeck, Rostock and Greifswald. Under the leadership of Tobias Schulz and Sebastian Klier, the expansion with new locations was successfully driven forward, including the development of the Berlin area. The company is characterized by a high level of vertical integration as well as operational excellence and efficiency. Among its customers, Junge Die Bäckerei. is known for its high product quality and variety, as well as for the pleasant atmosphere and exceptional service in its stores. The pillars of its success include over 5,000 passionate employees and a spirit of innovation in baked goods, snacks and coffee specialties.
The team led by CEO Tobias Schulz and CFO Sebastian Klier, as well as the Junge family, will work with Egeria to further expand the company’s presence in existing regions and selectively expand into new regions.
Financial details of the transaction, which is subject to regulatory approval, will not be disclosed.
Tobias Schulz and Sebastian Klier, CEO and CFO of Junge Die Bäckerei.: We warmly welcome Egeria as a new shareholder and partner. In Egeria, we have found an investor specializing in succession situations who shares our long-term goals and is motivated to invest in future growth. The partnership gives us the opportunity to further expand our branch network and reach even more customers with our products and location concepts.
Family Junge: The partnership with Egeria is a decision for the future. We are delighted that our family business, with almost 130 years of history, is heading for a secure future and becoming even more resilient. Together, we are well equipped to effectively seize all opportunities that arise.
Hannes Rumer, Investment Advisory Partner at Egeria: We are very impressed by the historical development of Junge Die Bäckerei. and look forward to shaping the next chapter of the company together with Tobias, Sebastian and the Junge family. Through a combination of entrepreneurial spirit and a unique family-oriented corporate culture, the company has established itself as the leading provider of bakery and quick-service food concepts in northern Germany. We are honored that the Junge family has placed its trust in us to continue their legacy and look forward to contributing to its future success.
About Egeria
Established in 1997, Egeria is an independent pan-European investment company focused on mid-sized companies in the DACH and the Benelux region. Egeria invests in healthy businesses and believes in building businesses jointly with entrepreneurial management teams (Boldly Building Together). Egeria’s private equity portfolio comprises investments in more than 20 companies with total revenues of around 2.5 billion euros and over 14,000 employees.