
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).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater