Mid Europa-backed Hortex buys Jurajska

Mid Europa partner Pawel Padusiński said in a statement that the acquisition is consistent with Hortex's strategy of expanding into adjacent product categories.

The bolt-on comes slightly more than a year after Mid Europa's secondary buyout of Hortex from Argan Capital, which was thought to have valued the business at €150-200m. The GP drew equity for the transaction from the €800m Mid Europa IV fund. 

Mid Europa's Paweł Caruk, Marek Rodak and Bartosz Małecki supported Hortex management in executing the bolt-on of Jurajska.

Company
Jurajska was founded in 1959 and is headquartered in Kozieglowy. The company bottles and sells mineral water from the Jura region of Poland. It also sells flavoured mineral water.

People
Mid Europa Partners - Pawel Caruk (principal); Marek Rodak (senior associate); Bartosz Malecki (senior associate).
Hortex - Pawel Gurgul (CEO).

Advisers
Equity - Vienna Capital Partners (corporate finance); Clifford Chance (legal); EY (financial due diligence).

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• Topics
• Expansion
• CEE
• Consumer
• Mid Europa Partners
• Build-up
• Poland
• EY (Ernst & Young)