Following a dual-track process, Kandia NV, the private equity investment holding company managed by Meinl Bank AG, has sold its 93.32% stake in listed Romanian confectionery company Kandia-Excelent to Cadbury Schweppes. The financial investor opted for the trade sale to Cadbury Schweppes instead of a previously planned secondary listing of the company on the Vienna Stock Exchange.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
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