IFLR1000

Spadel Group acquisition of 93.29% stake in Devin

21/12/2016
Private acquisition
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Announced

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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