Mid Europa buys Mlinar

The GP is currently investing from Mid Europa V, which held a final close on €500m towards its €800m target in December.

Managing partner Robert Knorr said in a statement that on the retail side Mid Europa would focus on accelerated store expansion as deployed in its investments in Zabka and Profi, and on the product side it would focus on brand equity enhancement and innovation as deployed in its investment in Bambi.  

Company
Mlinar was founded in 1903 and is headquartered in Zagreb. It bakes pastries and bread, and also supplies drinks, sandwiches and salads through its 220 directly owned stores in Croatia and Slovenia, as well as franchise stores in 10 additional countries.

People
Mid Europa Partners – Robert Knorr (co-managing partner); Andrej Babache (partner).

Advisers
Equity – Unicredit (M&A); Dechert (legal); Šavorić & Partners (legal); KPMG (financial due diligence); BCG (commercial due diligence); Beragua (commercial due diligence).

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• Topics
• Buyouts
• CEE
• Consumer
• Croatia
• Mid Europa Partners