Mid Europa secures majority stake in Mlinar

Mid Europa secures majority stake in Mlinar

Published at: 2019-04-10 11:03 | Author: CIJ Serbia
Mid Europa Partners fund has acquired Mlinar, Croatia’s leading bakery in a transaction that should close in the second quarter of 2019. Mlinar claims to operate the largest bakery network in SEE, with over 36 million customers per year, 220 Croatian and Slovenian stores and franchise stores in 10 countries. “We plan to help the company expand internationally, and we look forward to our partnership with Mr Škojo as he continues to support Mlinar's growth,” said Andrej Babache, a partner at Mid Europa, a private equity fund that focuses on the CEE region. Mid Europa was advised for this transaction by UniCredit (M&A), Dechert and Savoric & Partners (legal), KPMG (financial and tax) and by BCG. “Our investment in Mlinar builds on our strong track record in investing in leading CEE retail and consumer businesses,” said Robert Knorr, a partner in the fund. “On the retail side, we believe Mlinar can benefit from our experience in accelerated store expansion execution deployed in Zabka and Profi. On the product side, the focus will be on brand equity enhancement and innovation.”

Similar Stories:

SMG expanding its base in southeastern Hungary
Samvardhana Motherson Group is expanding its base in Turkeve, southeastern Hungary. The ex  »
April results jump start Czech auto sector
Output by the Czech automobile sector for 2019 has slowed by less than 1 percent over the  »
Mubea building €51m Slovak auto parts factory
Mubea Engineering has begun construction of a new factory in Kežmarok where it will produ  »
Škoda Auto jumps into electric car future
Škoda Auto is making the leap into the electric automobile sector with its unveiling of t  »
How does Bucharest’s investment market compare to Prague’s? There’s little compari   »
How much are you lending on infrastructure projects in Slovakia? How does it compare to ot   »
Should we believe people in the market when they say they’re working on five to six deal   »
Going into 2016, most observers assumed Czech retail assets would be a major investment ta   »