Enterprise Investors has used its seventh fund to agree an MBO of Polish alcoholic beverage producer Janton.
The private equity firm closed the fund four years ago on €314m, targeting mid-market buyouts and growth companies in the Polish industrial sector. It has already been used to purchase Polish telecoms company 3S, sporting goods retailer Intersport and Romanian toy retailer Noriel.
Janton produces grape and fruit wines, cider and flavored alcoholic beverages. Last year it generated over €40m, selling its products under approximately 20 brands. The producer has a modern production plant and a warehouse located in central Poland.
Jantoń CEO Jakub Nowak said, “In the months to come we will introduce new products and launch further innovations in the existing portfolio. One of our priorities will be to support the development of the very successful Monte Santi brand.”
AltAssets reported last April that Fund VII still had €100m left for new deals.
Then AltAssets revealed in March that the firm was looking to launch its successor, Fund VIII, sometime in June. It is believed Enterprise will look for between €314m and €650m.
Enterprise closed Fund VI back in 2006, with investors including AlpInvest, CalPERS and EIF.
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