Afinum Achte Beteiligungsgesellschaft mbH & Co. KG, advised by Afinum Management GmbH, signed an agreement on 24 July 2018 to invest in Zeit für Brot
(„Zeit für Brot“ or the „Company“) in a proprietary transaction with the owner Dirk Steiger. The joint strategy of Afinum and Dirk Steiger is to roll-out the successful
Zeit für Brot concept to new locations as well as to accelerate the growth of its B2B business – both stationary and online.

Zeit für Brot (www.zeitfuerbrot.com) is a premium bakery-led food-service concept with currently six outlets across large German cities. Over the last ten years, the Company has developed a concept based on slow food, quality, craftsmanship and sustainability in combination with a modern appeal that is wellreceived by its customers, shown by high demand, strong satisfaction ratings and customer loyalty. Besides B2C revenues from in-store consumption and takeaways, Zeit für Brot is also delivering its products to upscale gastronomy, selected organic food retail chains as well as to online customers such as Amazon Fresh and Amazon PrimeNow. The Company has a track record of superior profitable growth, realized both through consistent like-for-like growth in each location as well by opening new outlets. Dirk Steiger,
who remains a significant shareholder, has decided to team up with AFINUM as a strong financial and strategic growth partner. The joint growth strategy entails the opening of further outlets as well as the development of an organizational structure able to sustain a much broader footprint whilst releasing the full growth potential of the concept.

The investment in Zeit für Brot represents the second transaction of Afinum Achte Beteiligungsgesellschaft mbH & Co. KG and remains subject to antitrust approval.