Enterprise Investors to finance an MBO of Jantoń
Warsaw, 17 July 2017 – Polish Enterprise Fund VII, a private equity fund managed by Enterprise Investors, has signed an agreement to acquire 100% of shares in Jantoń, Poland’s leading producer of alcoholic beverages based on grape and fruit wines.
• The total value of the transaction has not been disclosed;
• The transaction is conditional upon obtaining antimonopoly approval.
Jantoń’s core products are wines, ciders and FABs (flavored alcoholic beverages) with an alcohol content of up to 22%. Led by a strong and competent management team, in 2016 the company generated revenues exceeding EUR 40 million. Jantoń sells its products under c. 20 different brands and has built a significant presence in all modern retail channels, including discounters. The company’s excellent sales performance confirms its ability to create brands with strong customer appeal. Jantoń operates from a modern production plant and has a state-of-the art warehouse, both located in Dobroń, central Poland.
“Jantoń will benefit from the evolution of Polish consumer preferences toward flavored alcoholic beverages with lower alcohol content. The category requires constant innovation and product development in terms of taste, packaging and brand communication. Jantoń clearly has the know-how and experience as well as the infrastructure to thrive in such a fast-paced and continually changing environment,” said Sebastian Król, partner at Enterprise Investors in charge of the transaction. “These strengths in combination with sound financial standing and an ambitious management team put Jantoń in an excellent position as a potential market consolidation platform,” he added.
The company’s co-owner, Jacek Jantoń, summed up the deal: “We are handing over Jantoń to its very capable management, which will be supported by a leading private equity fund, Enterprise Investors. I am convinced the company has excellent prospects for further growth and will continue to consolidate its market position.”
After the acquisition, Jantoń will focus on strengthening its key business lines. “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,” commented Jakub Nowak, CEO of Jantoń.
Enterprise Investors was advised in this transaction by Gessel, Deloitte Advisory and Wierzbowski Eversheds Sutherland. The sellers were advised by CIC Corporate Finance and CMS.
Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 138 companies across a range of sectors and exited 124 companies with total gross proceeds of EUR 3.4 billion.