Enterprise Investors’ Kofola in CZK 11.4bn Prague listing

The GP sold a 6% stake in the company, held through its CED Group holdco, while Kofola retained 37.3% of its own share capital through the KSM Investments vehicle. Enterprise Investors held 43.3% of Kofola before the share sale, while KSM had 51.4%.

The company raised €5m in new capital, while the exit generated total gross proceeds of €23m for exiting investors.

Kofola's IPO was priced at CZK 510 per share, the lower end of its CZK 500-650 range. The offer totalled 1.5 million new and existing shares.

The IPO marked the first listing of an Enterprise Investors portfolio company on the Prague Stock Exchange.

Previous funding
Kofola was acquired in 2008, with Enterprise Investors paying €135m for a 43.3% stake through its Polish Enterprise Fund VI.

Company
Kofola is an Ostrava-headquartered producer of soft drinks, operating in the Czech Republic, Slovakia and Poland.

People
Partner Jacek Wozniak led the deal for Enterprise Investors.

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