Spadel Group acquisition of 93.29% stake in Devin

21/12/2016

Private acquisition

Status:

Announced

Date:

21/12/2016

Overview:

Spadel Group has acquired a 93.29% stake in Devin from Advent International.
Devin is a Bulgarian bottled water producer employing 478 people and supplying 35,000 retail outlets.
Spadel Group is a Belgium based water and fruit drink producer.
Advent acquired Devin in 2009.

Sam Duke - Editor

Jurisdiction:

Bulgaria

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Industry sector:

Food and beverage

Firms:

CMS

Party: Advent International (Seller)

Lawyers: Atanas Bangachev, Graham Conlon

Dentons

Party: Spadel Group (Acquirer)

Lawyers: Chris Watkinson, Robert Irving

Hristov & Partners

Party: Spadel Group (Acquirer)

Lawyer: Pavel Hristov

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