IK Investment Partners Agrees to Sell Its Remaining Stake in Agros Nova (CEE and CIS)
Source: IK Investment Partners
Pan-European private equity firm IK Investment Partners has agreed to sell the non-carbonated beverages division of Poland-based food products business Agros Nova to Polmlek Group, a Poland-based dairy company. The sale follows IK Investment’s announced divestment of Agros Nova's fruit and vegetable preserves and ready-made food operations to Poland-based juice producer Maspex Wadowice Group in December 2014. Once completed, the latest sale will mark a full exit for IK Investment Partners, which originally invested in Agros Nova in 2010 through its IK 2007 Fund. Financial details of the transaction, which is subject to regulatory approval, were not disclosed.