CVC Capital Partners acquisition of Żabka Polska

Overview:

• CVC Capital Partners has acquired Żabka Polska from Mid Europa Partners.
• Żabka is a food and convenience store retailer with over 4500 stores.
• The value has not been disclosed but Mid Europa bought the company in 2011 for €400 million.
• The deal is expected to close in the second quarter of 2017.
• The deal is the largest ever transaction in the Polish food retail sector and the largest ever private equity exit in the country.
• JPMorgan acted as exclusive financial adviser to Mid Europa.
• Ernst & Young acted as transaction services adviser, OC&C and Beragua as commercial advisers and ERM as its environmental, health and safety adviser.

Sam Duke - Editor