In 2025, Development Capital and BiaVest, via Kerga, acquired German premium Ready-to-Drink specialist, Münsterland. This acquisition marks next step in Kerga’s strategy to build a portfolio of leading convenience food and beverage brands across Europe.

Münsterland is a recognised market leader in premium non-carbonated RTD beverages for international brands. Its iced coffees, protein drinks, and natural energy teas—produced in a variety of sustainable glass and aluminium formats—are available in over 20 countries. The company is a trusted co-manufacturing partner to some of Europe’s best-known beverage brands, including Jimmy’s Iced Coffee, which is widely distributed across leading retailers in Ireland, the UK, and continental Europe.