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RUSSIA - Lion Capital acquires Nidan

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Lion Capital has reached an agreement with the shareholders of Nidan Soki to acquire the Russian branded juice business. The transaction, which is conditional upon regulatory approval, is expected to close in September. Nidan was advised by Troika Dialog, while Lion Capital was advised by Goldman Sachs, which also provided financing.

Nidan is the third largest juice producer in Russia, well known through its flagship brand Moya Semya. The company is headquartered in Moscow, and employs approximately 2,500 staff in its facilities located in Novosibirsk and Moscow. It will look to expand its business significantly with increasing incomes and growing awareness about healthy beverage consumption in Russia driving that growth. In its most recent financial year, the company generated sales of approximately $270m.
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