Sector News

Mid Europa Partners buys Danube Foods Group

February 3, 2015
Food & Drink
Mid Europa Partners has signed an agreement on the acquisition of Danube Foods Group (DFG). 
 
DFG owns Serbian dairies Imlek and Mlekara Subotica, and Bambi and Knjaz Milos companies.
 
Mid Europa also bought all Imlek dairies operating in Macedonia, the Serb Republic (RS) and Montenegro. 
 
The transaction is to be executed in the first half of 2015, after the terms and conditions of the agreement are met. The financial details of the transaction have not been made public. 
 
“The acquisition of Danube Foods shows our determination to continue to support the development of leading companies in Serbia and the region,” said Robert Knorr, senior partner of Mid Europa responsible for investments in South East Europe. 
 
With the total turnover exceeding EUR 400 million in 2014, Danube Foods Group is a leader in the Serbian and the regional markets for milk and dairy products, confectionery, mineral water, and energy drinks. 
 
The group also exports its products to the markets of Western Europe. 
 
Mid Europa Partners is a London-based investment fund with offices in Budapest, Istanbul and Warsaw. 
 
Since its foundation in 1999, Mid Europa Partners has managed funds totaling EUR 4.2 billion. 
 
One of the fund’s high-profile investments in the region is cable TV and internet operator SBB/Telemach Group, which was sold in October 2013 to Kohlberg Kravis Roberts (KKR), a leading global investment firm based in the U.S.
 
Source: B92

comments closed

Related News

June 24, 2022

Carlsberg announces resignation of CFO Heine Dalsgaard

Food & Drink

Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.

June 24, 2022

Kellogg to split into three companies, focus on snacks

Food & Drink

Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.

June 24, 2022

Mondelēz to buy energy bar company Clif Bar for $2.9bn

Food & Drink

The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.