M&A Deal Summary

Mid Europa Partners Acquires Hortex

On November 2, 2017, private equity firm Mid Europa Partners acquired food company Hortex from Argan Capital

Acquisition Highlights
  • This is Mid Europa Partners’ 2nd transaction in the Food sector.
  • This is Mid Europa Partners’ 10th transaction in Poland.

M&A Deal Summary

Date 2017-11-02
Target Hortex
Sector Food
Buyer(s) Mid Europa Partners
Sellers(s) Argan Capital
Deal Type Secondary Buyout

Target

Hortex

Warsaw, Poland
website
Hortex is committed to creating frozen food, juices, nectars and drinks, that are becoming increasingly efficient in satisfying consumer needs. Hortex have been creating new trends, making up innovative product categories, adjusting to lifestyle change. Hortex was founded in 1958 and is based in Warsaw, Poland.

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Buyer(S) 1

Buyer

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Mid Europa Partners is a private equity firm focused on investing in Central and Eastern Europe. Mid Europa prefers control based investments in market leading companies operating in industries with high barriers to entry. Sectors of interest include telecom, media, utilities, transportation, natural resources, industrial, healthcare, building materials, manufacturing, and agriculture. The Firm looks to commit €75 to €200 million of equity capital per transaction in businesses valued up to €500 million. Prospective transaction types include buyouts, take-privates, divestitures, turnarounds, and large scale expansions. Mid Europa Partners is the successor entity to EMP Europe Ltd, which was formed in 1999. Mid Europa has offices in Budapest, Warsaw, and London.


DEAL STATS #
Overall 34 of 45
Sector (Food) 2 of 3
Type (Secondary Buyout) 7 of 12
Country (Poland) 10 of 13
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Zabka Polska

Poznañ, Poland

Zabka Polska is a Polish convenience retailer. The company is among the fastest-growing grocery retail chains in Poland. Żabka has grown from a single convenience store in Poznań to a country wide network of over 5,000 stores. Zabka Polska was founded in 1998 and is based in Poznañ, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 MediGroup

New Belgrade, Serbia

MediGroup strives to provide the highest level of healthcare service to its patients, complying with global standards in different fields of medicine. MediGroup was founded in 2013 and is based in New Belgrade, Serbia.

Buy -

Seller(S) 1

SELLER

Argan Capital

London, United Kingdom

Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 425M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argan Capital is an independent private equity firm focused on acquiring mid-sized European companies. Broad areas of interest include the industrial, service and consumer sectors. Prospective companies generally have strong management in place, sustainable cash-flows, competitive advantages, and the 'potential for value enhancement'. Argan targets businesses enterprise valued from €50 to €150 million. Argan Capital was formerly the European private equity arm of Bank of America, and became independent in 2006. The Firm is based in London.


DEAL STATS #
Overall 5 of 6
Sector (Food) 1 of 1
Type (Secondary Buyout) 4 of 5
Country (Poland) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Faster

Rivolta d’Adda CR, Italy

Faster SpA is a designer and manufacturer of highly engineered mission-critical hydraulic couplings, serving the major global agriculture and construction equipment OEMs, both for their original equipment and aftermarket needs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-14 Humana

Stockholm, Sweden

Humana is a provider of personal assistance and related services for individuals with functional impairments. The Company’s offering encompasses a wide variety of services for individuals with functional impairments, including providing personal assistants, legal assistance, administrative support, assistant recruitment, and training. Humana was founded in 2000 and is based in Stockholm, Sweden.

Sell -