Information on the Target

KOST, a food service specialist based in Graz, Austria, has established itself as a crucial player in the food catering industry across Germany, Austria, and Switzerland. Founded in 2000 by Michael Cikerle and Richard Huß, the company has transitioned from a basic inventory management system to a sophisticated software solution tailored for large caterers, restaurateurs, and healthcare institutions. KOST's platform provides comprehensive transparency and efficiency throughout the kitchen supply chain, facilitating all processes from ordering to serving and playing a significant role in minimizing food waste.

In addition to its core operations, KOST also operates a subsidiary, Paycaso, which specializes in cashless payment systems. The company currently employs 30 individuals and is poised for growth, leveraging its innovative software solutions to meet a wide range of customer needs within the catering sector.

Industry Overview in Austria

The Austrian food service industry is experiencing significant developments, driven by the increasing demand for efficiency and sustainability. Innovative software solutions, such as those offered by KOST, are helping businesses streamline their operations, thereby enhancing service delivery and reducing overhead costs. With a growing focus on sustainability, food-related businesses are actively seeking innovative technologies to minimize waste and improve operational efficiency.

Amid this transformation, the Austrian market is rich with potential, particularly among smaller, lesser-known firms that possess strong growth capabilities. These 'hidden champions' are ripe for investment as they adapt to modern demands. Everfield’s commitment to integrating strong software companies into its operational ecosystem is reflective of the industry's direction towards resilience and innovation.

The decentralization trend in the software sector allows companies like KOST to operate independently while benefiting from the expertise and resources provided by larger entities like Everfield. This trend enhances collaboration, enabling niche businesses to thrive in a competitive landscape.

Overall, the increasing emphasis on leveraging technology for sustainable practices within the food service industry bodes well for the continued growth of software-centric companies that can fulfill these emerging needs.

The Rationale Behind the Deal

The acquisition of KOST by Everfield marks a strategic move aimed at enhancing Everfield's presence in the food and hospitality sector across the DACH region. By integrating KOST’s innovative software solutions, Everfield seeks to broaden its service offerings and meet a wider array of customer requirements in catering. This strategic fit aligns with Everfield’s objective of pursuing growth through well-established partners.

A partnership with KOST also allows Everfield to leverage KOST's expertise in operational efficiency and sustainability, which are increasingly crucial factors for businesses in today’s market. The collaboration can create a synergistic relationship that enables both companies to thrive in a competitive industry.

Information about the Investor

Everfield is a prominent strategic investor focusing on expanding its portfolio of companies within the DACH region. Known for its approach to integrating strong businesses into its ecosystem, Everfield emphasizes sustainable growth and innovation. The firm is particularly committed to supporting companies that show potential for long-term success and operational excellence.

With a dedicated team that specializes in various sectors, including food & hospitality, Everfield is well-positioned to guide KOST in its development. By providing comprehensive support in sales, marketing, and product development, Everfield aims to enhance KOST's capabilities and maximize its market reach.

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This acquisition is expected to be a favorable investment for Everfield, as KOST operates in a promising market with ample growth potential. The food service industry in the DACH region is evolving, with increasing demand for innovative software solutions that promote efficiency and sustainability. KOST's established reputation and innovative approach align well with Everfield's investment strategy.

Furthermore, KOST's management team, including its founders Michael Cikerle and Richard Huß, will remain onboard as advisors, ensuring continuity and stability in leadership. This continuity is vital for maintaining customer relationships and fostering further growth.

Overall, the deal is strategically advantageous, as it allows Everfield to enhance its expertise and expand its footprint within the food service sector. The integration of KOST's software capabilities with Everfield's resources creates a win-win situation, bolstering both entities for future success.

The transaction process has been marked by efficiency and transparency, ensuring that all parties involved are set up for a successful collaboration moving forward. This positive trajectory indicates that the acquisition could pave the way for impactful developments in both operational capacities and market reach.

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