Arcus, Aheim acquire minority stake in Milch & Zucker

Co-founders Ingolf Teetz and David Rosenberg will continue to lead the business, according to a statement.

The same statement added that Arcus could increase its shareholding in the business in the future to acquire a majority stake.

Arcus aims to assist the company with the continued development of job application software for Mittelstand companies, as well as with the establishment of sales structures.

Arcus's recent investments include dietary supplements and flavourings producer BitterLiebe, in which the GP acquired a majority stake in December 2020, as reported. Arcus backs investments with its own capital, as well as equity from co-investors, deploying on a deal-by-deal basis and generally investing in DACH-based companies with revenues of €10-150m.

Aheim focuses on Germany-based Mittelstand businesses, focusing on companies with revenues of at least €5m and EBITDA of at least €2m. The firm invests in businesses with EBITDA margins of at least 20%, according to its website.

Company
Founded in 1998 and headquartered in Gießen, Milch & Zucker is a software platform for recruiting and talent management. The company's software also provides employer branding products. Its clients include listed German businesses, as well as public sector organisations and Mittelstand companies. Milch & Zucker employs 101 staff, according to LinkedIn.

People
Arcus Capital – Stefan Eishold (CEO).
Aheim Capital – Frank Henkelmann (managing partner).
Milch & Zucker – Ingolf Teetz, David Rosenberg (co-founders).

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• Topics
• Expansion
• DACH
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• Germany