Resource Partners acquires Maced

The founders, the Macionga family, will remain as minority shareholders. Tomasz Macionga will continue to hold the CEO position, while Edmund Macionga will join the supervisory board.

MBank provided debt facilities to support the transaction.

The company intends to use the fresh capital to further grow in foreign markets and expand its product portfolio.

Resource Partners recently held a final close on €120m for its second generalist fund, Resource Eastern European Equity Partners II, in December 2017. It commits equity tickets of €5-25m per deal, with the sweet-spot in the €15-20m range.

Company
Founded in 1993, Maced is a producer and distributor of natural dog treats, offering its products under the Maced and Dogway brands, as well as under private labels for retailers in Poland and abroad.

The business is based in Polanów. According to a publicly available document, Maced reported revenues of €5.2m and EBIT of €394,000 for March 2019.

People
Resource Partners – Małgorzata Bobrowska-Jarząbek (partner); Tomasz Macionga (CEO).

Advisers
Equity – Alcom Corporate Finance, Albert Lewicki (corporate finance); DLA Piper (legal); GLG (commercial due diligence); KPT Doradcy Podatkowi (tax); Ramboll Environ (environmental due diligence); TS Partners (financial due diligence).
Vendor – MBank (corporate finance); WBW (legal).

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• Topics
• Buyouts
• Consumer
• CEE
• Poland
• Resource Partners Sp. z o.o.
• DLA Piper