Enterprise Investors' CEDG further divests from Kofola
CEE-focused private equity firm Enterprise Investors' protfolio company CEDG Group has sold a further 16.3% stake in Czech soft drink producer and distributor Kofola.
The founders of Kofola acquired the shares from CEDG.
Enterprise Investors invested €135m in Kofala in 2008, securing a 43.3% stake via Polish Enterprise Fund VI. In December 2015, Kofola listed in a CZK 11.4bn IPO on the Prague stock exchange. The GP sold a 6% stake in the company, held through its CEDG holdco, while Kofola retained 37.3% of its own share capital through the KSM Investments vehicle.
Company
Founded in 1963 and headquartered in Ostrava in the Czech Republic, Kofola produces and distributes non-alcoholic beverages in the CEE region. The company has production plants in the Czech Republic, Slovakia, Poland, Slovenia and Croatia. In 2016, Kofola recorded revenues of €259m, EBITDA of €39.4m and €12.7m of net profit.
People
Enterprise Investors – Jacek Woźniak (partner).
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