Polish Enterprise Fund VI, a private equity fund managed by Enterprise Investors, acting jointly with several shareholders of Kofola-Hoop, announced a public tender offer for all the remaining shares in the company.
The goal is for the acquirers jointly to own 100% of the Kofola-Hoop shares traded on the Warsaw Stock Exchange.
The parties announcing the public tender offer are KSM Invest, which currently owns more than 51% of Kofola-Hoop shares, Mr. Tomas Jendrejek and Mr. Rene Muila, who own 2.9% each, and Polish Enterprise Fund VI acting through its wholly controlled subsidiary (CED Group S.a.r.l.), which does not own shares in Kofola-Hoop.
The parties that currently hold shares in Kofola-Hoop (KSM Invest, Mr. Jendrejek and Mr. Musila) will not acquire shares in the tender offer, and PEF VI will be the sole acquirer.
Kofola-Hoop SA (www.firma.hoop.pl)
Kofola-Hoop was formed through a merger of Kofola and Hoop in May 2008, becoming one of the most significant producers of non-alcoholic beverages in Central and Eastern Europe. The company is listed on the Warsaw Stock Exchange and its largest shareholder is KSM Investment.
Kofola-Hoop’s best-known brands are Hoop Cola, Kofola, Paola syrups, Artic and Rajec mineral waters, the Jupi line of fruit drinks, and Jupik children’s drink. Kofola-Hoop also supplies products under private labels for big retail chains.
With an annual turnover of nearly PLN 1.2 billion (approx. € 360 million), Kofola-Hoop is the third largest company in its sector on the Polish and Czech markets, and second in Slovakia.
Production is carried out in eight factories located in Poland, the Czech Republic, Slovakia and Russia. The Company employs 2,595 people.
Enterprise Investors (www.ei.com.pl)
Enterprise Investors is one of the oldest and largest private equity firms in Central and Eastern Europe. Active since 1990, the company manages funds with capital exceeding € 1.7 billion. These funds have invested € 1.2 billion in 109 companies in Poland and other Central and Eastern European countries, and exited 91 investments with total proceeds of over € 1.4 billion.