Sector News

Mid Europa Partners buys Danube Foods Group

February 3, 2015
Consumer Packaged Goods
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

July 21, 2024

Danone taps R&D leader Carla Hilhorst to drive research and innovation strategy

Consumer Packaged Goods

Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.

July 21, 2024

Pernod Ricard to sell international wines portfolio to Accolade Wines owner

Consumer Packaged Goods

The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.

July 21, 2024

Aryzta appoints former employee Michael Schai as new CEO

Consumer Packaged Goods

Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.

How can we help you?

We're easy to reach