M&A Deal Summary

NOWACO A/S Acquires Frost s.r.o.

On January 16, 2012, NOWACO A/S acquired food company Frost s.r.o. from Bancroft Private Equity

Acquisition Highlights
  • This is NOWACO A/S’s 1st transaction in the Food sector.
  • This is NOWACO A/S’s 1st transaction in Slovakia.

M&A Deal Summary

Date 2012-01-16
Target Frost s.r.o.
Sector Food
Buyer(s) NOWACO A/S
Sellers(s) Bancroft Private Equity
Deal Type Add-on Acquisition

Target

Frost s.r.o.

Slovakia
Frost s.r.o., Slovakian ice cream producer based in Presov, founded in 2001. Frost is one of the market leaders in ice cream with particularly strong position in the impulse ice cream segment.

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Buyer(S) 1

Buyer

NOWACO A/S

Aalborg, Denmark

Category Company
Founded 1972
Sector Food
Employees140
DESCRIPTION

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.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Slovakia M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 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 STATS #
Overall 10 of 13
Sector: Food M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 7
Country: Slovakia M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-30 Bonton a.s.

Prague, Czech Republic

Bonton, a.s. is a distributor of movies, VHS, VCDs, and DVDs of Hollywood-produced movies and independent cinemas to rental and retail networks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-06 Graniser Granit Seramik San. ve Tic.

Manisa, Turkey

Graniser Granit Seramik San. ve Tic. is engaged in the business of manufacturing and distributing ceramic and porcelain floor and wall tiles. Graniser produces and sells single and double – fired wall, floor and glazed tiles in various sizes and over 5.000 varieties, also decor, listellos in its 275.000 m² acre plant which is founded on Akhisar/Manisa, 70km from izmir, in Aegean Region, Turkey and established sales outlets serving customers around the world. Graniser Granit Seramik San. ve Tic. was founded in 1997 and is based in Manisa, Turkey.

Buy -