Polish Enterprise Fund VI, a private equity fund managed by Enterprise Investors, has announced its acquisition of a 42.46% stake in Kofola-Hoop, one of the most significant producers of non-alcoholic beverages in Central and Eastern Europe. PEF VI acquired the stake in a PLN 480 million (approx. €140 million) public tender offer.
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.
18/11/2008
Central & Eastern Europe, Food Industry and Beverages, Investment, Poland, Private Equity News