Feedem Group

Feedem Pitseng (Feedem) is one of the largest independently owned service providers within the local outsourced catering industry, with more than 3 000 employees managing over 200 sites.

“Feedem has a national footprint with offices in all major South African cities,” which contributes to Feedem serving over 50 000 meals per day.

Founded by Jeremy Webb in 1975, and later joined by Andrew Constandakis, Feedem currently operates throughout South Africa across diverse sectors including industrial catering, corporate and education, private and public healthcare, mining, sports and leisure.

Feedem is an established national brand with extensive infrastructure that holds several blue-chip client contracts. Additionally, Feedem enjoys a leading position in the Western Cape across key sectors, particularly the institutional catering space.

“The founders have reached retirement age and have chosen to realise a portion of their investment,” explains Co-Founder Andrew Constandakis. “The founders felt strongly that the management team should be included in shareholding whilse maximising BEE ownership.”

“The enhanced BEE credentials embedded within this deal will provide access to new markets whilse strengthening and adding further value to existing contracts,” says Genevieve Alberts, RMB Corvest Executive.

The company further diversified through its acquisition of a synergistic cleaning services company, rebranded Cristal Solutions. “Cristal Solutions offers a comprehensive range of cleaning services to malls, corporate business parks, theatres and hospitality centres, government facilities, factories and warehouses, and is ready for expansion having secured still further contracts more recently,” explained Constandakis. “This operation extends the reach and profitability of the overall business.”

“With our expertise in Private Equity, the liquidity we offer, and our experienced executive team bringing its diverse skills to this partnership, we view this transaction as a remarkable opportunity,” says Mike Donaldson, CEO of RMB Corvest. “Using Feedem as a platform, we recognise the very real potential to develop a new multi-service group through both organic growth and further acquisitions – watch this space.”