maconda supports complex transactions in diverse niche markets
In the first six months of 2025, we supported a wide range of demanding transactions. The spectrum ranged from multihead weighers to frozen products and chain restaurants. In projects for companies such as multiweigh, Elbfrost, and Gustoso, we provided the necessary transparency through Commercial Due Diligences and Vendor Factbooks.
Welcome to maconda!
In this edition of our newsletter, we provide insights into selected projects, current transactions, and exciting industries—directly from our daily consulting practice. What sets us apart: well-founded and smart analyses, our team’s many years of experience, and an excellent reputation. Get to know some of the people behind maconda and learn what drives us internally.
Enjoy reading!
Your maconda team
Deal News 2025
In the first half of 2025, we were engaged in a number of demanding transactions—the range of topics was broad: agriculture and forestry, garden products, protective equipment and awnings, as well as nutritional supplements, machinery for food production, and fire protection. We immersed ourselves intensively in each of these business models. Here is an overview of some completed deals.
Weighty Transaction for Adeleon
maconda’s latest success: the acquisition of multiweigh by the family holding company Adeleon. multiweigh is a leading manufacturer of high-precision multihead weighers and specialized packaging solutions. As part of the acquisition, we supported Adeleon with a focused Commercial Due Diligence.
The Market Can’t Stay Cold About This
Our comprehensive expertise in the food industry and wholesale came into play with Dutch NPM Capital’s investment in Elbfrost. Elbfrost is a leading German wholesaler of frozen products for commercial kitchens—and now NPM Capital’s first platform investment in the DACH region.
Sansidor Acquires in Germany Again
Once again, we achieved a perfect fit: For the Dutch Sansidor Group, we identified two companies that harmonize very well in terms of organizational factors, their high quality standards, and corporate culture: LGBA from Baden-Württemberg and Umwelthygiene Marburg.
Exit from a Leading Manufacturer of Country-Style Fashion
Mid-market investor Odewald KMU successfully realized its exit from the majority stake in Spieth & Wensky with maconda’s support. The company is the market leader for traditional costume fashion—a niche market within the apparel industry for which virtually no data exists.
Fresh Capital for Gustoso
The Munich-based chain restaurant group Gustoso secures fresh capital for its expansion course, relying on maconda’s expertise: We supported the rapidly growing Gustoso and majority shareholder AUCTUS Capital with a Vendor Commercial Factbook.
Success Is Measurable
Our consulting expertise is particularly in demand for transactions in niche markets—as was the case with Vienna-based mid-market investor AG Capital’s investment in CD-LUX, a leading provider of climate-neutral, edible promotional products “made in Germany.”
Great Snacks for Vending Machines
Another successful maconda project in the food industry: mid-market investor KKA Partners’ majority stake in GeHo, a leading wholesaler of food products in the out-of-home market.
Spotlight: Buy & Build
External growth through acquisitions is a current topic on many investors’ agendas. With extensive experience, we help define promising search criteria, identify suitable target companies, and approach them strategically—with a very smart approach. We won’t reveal more here. In doing so, we carefully assess the level of cooperation or sales interest on the other side. We are happy to discuss suitable industries and the appropriate approach in a confidential conversation.
Learn more.
Industry Insights
This Time: Software Solutions
Software solutions are now an essential component of many business models. They define products, processes, and customer experiences. Whether vertical solutions for specific industries or enterprise applications for cross-functional areas: what matters are clearly defined use cases, seamless integration into existing processes, and a coherent interplay of product, sales strategy, and pricing/packaging.
Learn more.
News from Our Team
Welcome, Ümit
With Ümit Esrefoglu, we welcome a proven specialist in Commercial Due Diligence and growth strategies! He brings over seven years of experience with CDDs and has successfully supported more than 40 sell-side and buy-side projects. His experience with CDDs for software companies is particularly valuable to us. We are very pleased about this collaboration.
Contact us here.
Major Donation Campaign
One foosball table, many beaming faces. Recently, we donated a foosball table (and a nice cash amount) to a special education school in our Cologne neighborhood—and received tremendous enthusiasm. A true passion project for us!
Proud Partner of AbsolventUM
maconda is now a proud corporate partner of AbsolventUM, the large alumni network of the University of Mannheim. Our founder and managing director studied there and earned his doctorate in marketing. And never completely lost touch. For us, this is a great opportunity to draw students and alumni’s attention to the exciting opportunities at our firm.