Creadev to invest in Share

The statement from the German competition authority, issued on 19 February 2021, states that Creadev is to acquire a co-ownership in the business. The filing was made on 15 February, according to the statement.

Creadev makes investments in four core areas: food, sustainable consumption, healthcare, and talents (such as HR and distance learning). The firm's cornerstone investor is the Mulliez family and it deploys equity via an evergreen structure.

Creadev and Share had not responded to requests for comment at the time of publication.

Previous funding
Bitburger Ventures and Rocky Venture Capital invested in Share in May 2019. Atlantic Food Labs and Doehler Ventures had also previously invested in the company, according to Unquote sister publication Mergermarket.

Company
Founded in 2017 and based in Berlin, Share produces sustainable food, drinks and hygiene products that are sold on a "1+1" basis, meaning that for each product sold, the equivalent value is donated to corresponding charitable causes. Its products are sold in German shops including Rewe and DM, as well as in Deutsche Bahn trains. Forbes reported in 2019 that the company generated revenues of €12m that year. The company employs 69 people, according to LinkedIn.

People
Share – Sebastian Stricker (CEO).
Creadev – Bertrand de Talhouët (CEO).

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• Topics
• Expansion
• DACH
• Consumer
• Germany
• Creadev