IK sells last division of Agros Nova

The trade sale follows the December 2014 divestment of Agros Nova's fruit and vegetable preserves and ready-made food operations to central and eastern European food and beverage group Maspex.

Polmlek will specifically acquire Agros Nova's non-carbonated beverage brands Fortuna, Garden and Pysio, as well as the division's production plant in Tymienice.

Pending approval from local regulators, IK will have fully exited Agros Nova five years after the company was acquired in a secondary buyout from ITR Investment Partners.

Previous funding
IK Investment Partners purchased 99% of Agros Nova in a 2010 SBO from ITR Investment Partners. The investment was made through the GP's Industri Kapital 2007 fund, a €1.675bn vehicle.

Company
Agros Nova is a Warsaw-headquartered producer of food products, the company produces fruit and vegetable preserves, ready-made food and non-carbonated beverages.

Founded in 2003, the company as a whole employed more than 2,000 people before the carve-out.

People
Detlef Dinsel is a managing partner at IK Investment Partners. Marek Sypek is the CEO of Agros Nova.

Advisers
Vendor – Vienna Capital Partners (Corporate finance); Dentons (Legal).

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• Topics
• CEE
• Consumer
• Exits
• Poland
• Trade sale
• IK Investment Partners