M&A Deal Summary

Advent International Acquires Devin AD

On November 1, 2009, private equity firm Advent International acquired beverage company Devin AD

Acquisition Highlights
  • This is Advent International’s 3rd transaction in the Beverages sector.
  • This is Advent International’s 3rd transaction in Bulgaria.
Investment Fate
  • Devin AD was sold to a publicly-traded strategic buyer in 2016 for 120M EUR.

M&A Deal Summary

Date 2009-11-01
Target Devin AD
Sector Beverages
Buyer(s) Advent International
Deal Type Buyout (LBO, MBO, MBI)

Target

Devin AD

Sofia, Bulgaria
Devin AD is a producer and distributor of bottled water in Bulgaria. The company bottles and sells a wide range of products including Devin mineral water, Devin spring water, Devin Air carbonated mineral water, Divna table water, Granini fruit juices and Red Bull energy drinks.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 170 of 353
Sector: Beverages M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 114 of 156
Country: Bulgaria M&A 3 of 4
Year: 2009 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-28 OCA

Buenos Aires, Argentina

OCA is a provider of private courier and postal services with an extensive customer service network, made up of 155 branches, more than 1,000 OCA points, and logistics centers strategically distributed throughout the country to meet market needs. OCA was founded in 1957 andis based in Buenos Aires, Argentina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-18 Monext SAS

Paris, France

Monext SAS manages more than 2 million bank cards, 3 million transport cards and 5 million private-label (petrol and retail) cards on a day-to-day basis, and handles more than 550 million transactions per year, making it a major player in the French electronic payment market.

Sell -