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Acquisition of Hortex by Mid Europa Partners

Advisor to Mid Europa Partners on the acquisition of Hortex, a leading Polish producer of non-carbonated beverages and frozen food

Date: 2018
Country: Poland
Industry: Consumer Goods
Target: Hortex
Buyer (client): Mid Europa Partners
Seller: Argan Capital
VCP’s role/competence: buy-side M&A advisor

  • VCP has acted as an M&A advisor to Mid Europa Partners in acquisition of Hortex, a leading consumer goods player in Poland with a strong brand and heritage in the juice and frozen food sectors
  • Hortex was sold by funds advised by Argan Capital after over 10 years of having the asset in its portfolio
  • Sale process took form of an auction with participation of a number of international strategic players as well as financial sponsors
  • Mid Europa Partners has managed to move swiftly and outbid the competition in a relatively short timeframe since the official start of the process
  • VCP has supported Mid Europa Partners in the whole process through provision of market intelligence & research, deal tactics, coordination of advisory teams works and other ad-hoc assignments
  • The transaction is subject to customary competition authority clearance, and is expected to close in Q1 2018