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Add-on Acquisition • Retail

Bidvest Acquires Farutex Sp.z.o.o.

On October 7, 2009, Bidvest acquired retailer Farutex Sp.z.o.o. from Bancroft Private Equity for 250M EUR

Acquisition Context
  • This is Bidvest’s 1st transaction in the Retail sector.
  • This is Bidvest’s 0th largest (disclosed) transaction.
  • This is Bidvest’s 1st transaction in Poland.

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M&A Deal Summary
Date October 7, 2009
Target Farutex Sp.z.o.o.
Sector Retail
Buyer(s) Bidvest
Sellers(s) Bancroft Private Equity
Deal Type Add-on Acquisition
Deal Value 250M EUR

Target Company

Farutex Sp.z.o.o.

Szczecin, Poland
Farutex Sp. z o. o., a Polish food service company, distributing frozen, chilled and dry goods to the HoReCa and retail sectors. Farutex, as the only national food service distribution company, is number one in Poland.
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Buyer Overview 1

Buyer

Bidvest

Johannesburg, South Africa
Category Company
Founded 1988
Sector Distribution
Employees131,326
Revenue 122.6B ZAR (2024)
DESCRIPTION

Bidvest engages in services, trading, and distribution businesses. Bidvest was founded in 1988 and is based in Johannesburg, South Africa.

Deal Context for Buyer #
Overall 1 of 5
Sector: Retail 1 of 1
Type: Add-on Acquisition 1 of 5
Country: Poland 1 of 1
Year: 2009 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Seafood Holdings

London, United Kingdom

Seafood Holdings is a independent fresh fish, seafood and meat distributor to the catering trade.

Buy $69M

Seller Profile 1

SELLER

Bancroft Private Equity

Jersey, Channel Islands

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 350M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bancroft Private Equity is a private equity group focused on Eastern Europe, including Greece, the Balkans, and Turkey. The Firm's latest fund looks to invest €10 to €30 million in mature companies, led by experienced management teams with successful track records. Bancroft only considers majority positions and will consider all industries except real estate, tobacco, gambling, and liquor. Bancroft was originally established in 1989 and is based in Vienna.

Deal Context for Seller #
Overall 7 of 13
Sector: Retail 1 of 1
Type: Add-on Acquisition 3 of 7
Country: Poland 1 of 1
Year: 2009 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-01 NOWACO A/S

Aalborg, Denmark

Nowaco Central Europe, is a distributor of chilled and frozen food in the Czech Republic, Slovakia, and Hungary to the HoReCa (Hotel, Restaurant, Catering) and retail sectors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-30 Kayalar Kimya

Istanbul, Turkey

Kayalar Kimya is a producer of a wide range of coatings with a focus on wood and decorative coatings and distributes a wide range of specialty chemicals also. Kayalar Kimya was founded in 1976 and is based in Istanbul, Turkey.

Buy -

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