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Martin KlofandaPR Manager and Press Spokesman for the Kofola Group
klofanda@kofola.cz
GSM: (+420) 724 708 034
will be glad to provide you with more information.
Enterprise Investors Acquires a 42.5% of Kofola-Hoop
Warsaw, 12.11.2008 -Polish Enterprise Fund VI (PEF VI), a private equity fund managed by Enterprise Investors (EI), has announced its acquisition of a 42.45% stake in Kofola-Hoop, one of the most significant producers of non-alcoholic beverages in Central and Eastern Europe. PEF VI acquired the stake in a public tender offer.
The €132 million acquisition was the largest transaction ever conducted in the FMCG sector in Central and Eastern Europe region by a private equity fund. It was also one of the largest public tender offers ever announced on the Warsaw Stock Exchange (WSE).
The tender offer took place between 8 October and 6 November 2008. PEF VI’s acquisition of Kofola-Hoop shares was partly leveraged with bank debt.
The tender offer proved very successful, as Polish Enterprise Fund VI acquired almost all the shares of the company that were for sale, with only 0.6% remaining as free float.
Kofola-Hoop SA is one of the most significant producers of non-alcoholic beverages in Central and Eastern Europe. With an annual turnover (excluding the Russian market) of nearly PLN 1.2 billion (approx. €360 million), Kofola-Hoop is the third largest company in its sector on the Polish and Czech markets, and second in Slovakia. In Slovakia, where Kofola is preferred to Coke and Pepsi, the company leads on the carbonated soft drinks market. Kofola-Hoop’s production is carried out in eight factories located in Poland, the Czech Republic, Slovakia and Russia. The company employs more than 2,600 people. Kofola-Hoop’s biggest shareholder is KSM Investment, which owns together with other Kofola founders 57%.
Enterprise Investors has been active since 1990 and is one of the largest private equity and venture capital investors in Central and Eastern Europe. The firm manages seven funds totaling €1.7 billion. These funds have invested €1.2 billion in 109 companies from a range of sectors and have exited 91 investments with total proceeds of €1.4 billion.
For more information, please contact:
Enterprise Investors: Iwona Drabot, Public Relations Director
tel.: (+48 22) 458 8500, e-mail: iwona.drabot@ei.com.pl
Please visit: www.ei.com.pl
Kofola-Hoop: Martin Klofanda, PR Manager Kofola Holding
mobile: (+420) 724 708 034, e-mail: martin.klofanda@kofola.cz
Please visit: www.firma.hoop.pl
