EBRD approves loan for takeover of Danube Foods Group

As it was announced on the EBRD website (www.ebrd.com), the Bank would provide up to EUR 60 million of subordinated debt and EUR 20 million of ordinary equity for the takeover of Balkan Group consisting of Danube Foods Group and Clates Holding.

It is added that the acquisition of companies that hold majority stakes in Imlek - the leading Serbian dairy producer, Bambi - the leading Serbian confectionery producer, and Knjaz Milos - one of the major water and beverage producers in Serbia, is led by Mid Europe Partners which focuses on investment in central and eastern Europe.

Adriatic TopCo B.V. is the client for the subordinated debt, while the client for the equity investment is Adriatic Co-Investment LP, it is said and added that both companies will be managed by Mid Europe Partner, either directly or indirectly.