Serbian food producer attracts leading private equity fund
Serbia’s agribusiness sector has the potential to play a major role in the regional agrifood industry. The EBRD showed its confidence in the future of Serbian agribusiness by participating in the buyout of the Danube Foods Group by Mid Europa Partners (MEP), a leading private equity fund in central and south-eastern Europe.
The Danube Foods Group comprises household brands in Serbia, such as the leading dairy producer Imlek, the confectionery firm Bambi and the beverage producer Knjaz Milos. The buyout by MEP will boost the company’s competitiveness and help to raise standards in the local agribusiness industry.
The EBRD supported the acquisition with a €60 million subordinated loan and a €20 million straight equity investment alongside MEP. As a shareholder, the Bank will promote best practices in corporate governance, environmental performance and health and safety management and this will encourage the adoption of EU food safety and quality standards in Serbia.
The EBRD has a track record of supporting
cross-border acquisitions in the Western Balkans