Mid Europa Partners Acquires Danube Foods Group

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Mid Europa Partners Acquires Danube Foods Group

Mid Europa Partners Acquires Danube Foods Group
February 04
09:34 2015
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UK-based Mid Europa Partners, the largest private equity firm focused on Central Europe and Turkey, has agreed to acquire a controlling interest in Danube Foods Group, one of the leading branded consumer goods companies in Serbia. The transaction value has not been announced and the deal is subject to customary closing conditions, and is expected to be completed in the first half of 2015.

With revenues of more than €400 million in 2014, Danube Foods Group’s subsidiaries include Imlek and Mlekara Subotica, which on a combined basis represent the largest independent dairy business in the former region of Yugoslavia; Bambi, the leading Serbian confectionery producer; and Knjaz Milos, the leading Serbian producer of mineral water and other non-alcoholic beverages.

Andrej Babache, director of Mid Europa, who led the execution of the transaction, says: “The Danube Foods Group owns some of the region’s most recognized consumer brands. This is a strong platform with significant regional expansion potential – we look forward to leveraging our capital, resources and experience towards the fulfilling of this potential, as we have successfully done on our prior investments in the region.”

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