Abris exits Patent Co to trade

RWA is the wholesale company and service provider of the Lagerhaus cooperatives in Austria, which focus on agricultural products and machinery, energy, building materials, and home and garden supplies.

Abris acquired Patent Co in September 2015, investing via Abris CEE Mid-Market Fund II. The vehicle held a final close in January 2013 on EUR 450m and makes investments in mid-market businesses based in central and eastern Europe.

The fund's other remaining assets include paperboard packaging producer Graf-Poz, which the GP acquired in 2015, according to Unquote Data.

Abris said in a statement that Patent Co's international sales tripled and its EBITDA grew at a rate of more than 20% compound annual growth during the investment period. The company originally operated in 10 markets and expanded to 43 international markets during the same period.

According to the same statement, Abris also supported the company with the development of its ESG standards, including via the introduction of best practices in corporate governance and HR.

Company
Founded in 1993, Patent Co produces a range of animal feeds and feed supplements. The company specialises in mycotoxicosis and gut health problems and produces feed for poultry, swine and ruminant. Headquartered in Mišićevo in Serbia, Patent Co is active in 53 markets and employs 250 staff.

People
Abris Capital Partners – Pawel Gierynski (managing partner); Milorad Anđelić (partner).
Raiffeisen Ware Austria – Reinhard Wolf (director general).
Patent Co – Radivoje Perović (general director).

Advisers
Vendor – Karanovic Partners (legal); Rabobank (corporate finance).

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• Topics
• Exits
• CEE
• Consumer
• Trade sale
• Serbia
• Abris Capital Partners