Mid Europa Partners Agrees to Acquire a Controlling Stake in Danube Foods Group (CEE and CIS)

Source: Mid Europa Partners

Central Europe and Turkey-focused private equity firm Mid Europa Partners has signed a binding agreement to acquire a controlling interest in Danube Foods Group and Clates Holding (together Danube Foods Group). Danube Foods Group is a branded fast-moving consumer goods platform operating in the former Yugoslavia. It includes an independent dairy business, a confectionery producer and a producer of mineral water and other non-alcoholic beverages in Serbia. Financial details of the transaction, which is subject to customary closing conditions and is expected to be completed by the first half of 2015, were not disclosed.