Unilever, a Dutch-Anglo consumer goods company has announced that its South Central European Division has acquired Darko from the Balkan Accession Fund (BAF). Darko is the second largest ice cream maker in Bulgaria. Final approval from the Commission on Protection of Competition is all that is left to close the deal. Darko (www.darko.bg) Darko was [...]

Balkan investment management company Axxess Capital has announced a recent investment in Noriel Group, a leading producer of popular games and toys in Romania. The €7 million equity investment was made on behalf of the Balkan Accession Fund (BAF) which is managed by Axxess. The deal gives BAF a 40% stake in Noriel through the purchase of [...]

After confirming in May that Bulgarian bottled water producer Devin was on the sale block, the Soravia Group has now entered exclusive talks with Global private equity firm Advent International. The talks, which began on July 13th, are aimed at creating a deal to give Advent an 82% stake in Devin including Soravia’s 75.3%. At least [...]

Balkan Accession Fund (BAF), a private equity fund, has acquired a 99.8 percent stake in Frigotehnica. The transaction has been structured as a leverage buy-out for EUR 25 million and consists of the share purchase as well as a direct investment into the company. Alpha Bank secured the related debt as Frigotehnica’s custom lender. The [...]

The Balkan Accession Fund acquired a majority stake in Darko, Bulgaria’s second largest ice cream producer. Darko JSC / Ice Line JSC (www.darko.bg) Darko is the largest Bulgarian manufacturer of ice cream, holding a second position on the Bulgarian ice cream market after the Greek manufacturer Delta (owned by Nestle). Darko’s current owner Peter Tsvetkov [...]