Danube Foods Group sold - Mid Europa takes over Bambi, Imlek, Knjaz Milos and Mlekara Subotica

Mid Europa Partners, the biggest investment fund that specializes in investments in central and eastern Europe, announced Monday it had signed an agreement to take over companies Danube Foods Group BV and Clates Holding BV (which are merged into Danube Foods Group), the owners of Serbian companies Imlek, Mlekara Subotica, Bambi and Knjaz Milos, as well as all Imlek-owned dairies in Macedonia, Republic of Srpska and Montenegro. Financial details have not been disclosed. The transaction is expected to be finished in the first half of this year, after all conditions specified in the sales agreement are met.

- The acquisition of Danube Foods shows we are determined to continue to support the development of leading companies in Serbia and the region, after a very successful investment in SBB-Telemach Group - said Robert Knorr, Mid Europa's partner that is in charge of investments in southeast Europe.

- Danube Foods fits perfectly into Mid Europa's investment criteria due to leading brands and strong market positions of group members, which we want to make even stronger through capital investments and selective acquisitions in the region. Mid Europa has a great experience in developing local leaders into real regional champions, which is why I am sure that our investment in Danube Foods Group will be successful - Knorr added.

- Danube Foods Group is the owner of the most popular and the most recognizable retail brands in Serbia and the region - said Andrej Babace, director at Mid Europa.

- The group represents a strong platform with a big potential for further expansion across Serbia and the region - we're looking forward to the opportunity to use our capital and experience to help the group meet its potential, just like we did when investing in the region before - Babace pointed out.

- We are glad to work with a strong and renowned investor like Mid Europa Partners in the next phase of development of Danube Foods Group. We believe that regional experience of the Mid Europa team as well as their focus on development and corporate management will contribute to our further success - said Imlek GM Slobodan Petrovic.

With a turnover of over EUR 400 million in 2014, Danube Foods Group is the Serbian and regional leader in the field of milk and dairy products, confectioneries, mineral water and energy drinks. The group exports its products to the market of Western Europe as well.

Mid Europa Partners is an investment fund focused on central Europe and Turkey, with the headquarters in London and branch offices in Budapest, Istanbul and Warsaw. Since it was founded in 1999, Mid Europa Partners has been managing a capital totaling EUR 4.2 billion. This fund is known in the region of ex-Yugoslavia for creating the leading cable and internet operator SBB-Telemach group, which was sold October 2013 to the US investment fund Kolberg Kravis Roberts (KKR).

Mid Europa Partners LLP London

Moji brendovi d.o.o. Beograd

Imlek a.d. Padinska Skela

Koncern Bambi ad Požarevac

Knjaz Miloš a.d. Aranđelovac

Mlekara a.d. Subotica

SBB d.o.o. Beograd

TELEMACH d.o.o. Ljubljana

Mid Europa Partners

Danube Foods Group

SBB

Kolberg Kravis Roberts

KKKR

Slobodan Petrovic

Andrej Babace

Robert Knorr