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Mid Europa Partners to Acquire Zabka Polska S.A.

25 February 2010

Mid Europa Partners, the largest private equity firm focused on Central and Eastern Europe announced today that it has signed an agreement to acquire 100% of Zabka Polska S.A. ("Zabka"), the leading convenience store chain in Poland, from Penta Investments.

Zabka, with 2010 revenues of approximately €650 million is among the fastest growing and largest retail chains in Poland with over 2,450 stores operating across the country under the Zabka and Freshmarket brands.  Over the last three years, under the guidance of the Management team, which will co-invest along-side Mid Europa, Zabka has opened over 460 new stores, launched the new, Freshmarket retail concept and increased its profitability by nearly 40%. 

Zbigniew Rekusz, Partner of Mid Europa and head of its Warsaw Office, commented: "We have been highly impressed with the Zabka management team's track record of delivering strong financial performance, while managing rapid expansion in the Polish retail market.  We look forward to working closely with them and supporting Zabka's further growth, both organically and through acquisitions."

Matthew Strassberg, Partner of Mid Europa who co-heads Mid Europa's Polish origination, said: "We recognize the strong organic and consolidation growth opportunities available in Polish retail sector.  Our investment in Zabka is consistent with our strategy of supporting leading market players with impressive track records operating in markets with attractive growth and consolidation opportunities."

Jacek Roszyk, CEO of Zabka, said: "We are enthusiastic to team up with Mid Europa Partners, who share our vision for the growth prospects of Zabka and bring the relevant resources and expertise to support our ambitions to become one of the top retail networks in Poland."

The transaction was executed by Pawel Padusinski and Tomasz Blicharski from Mid Europa.

Mid Europa Partners was advised in this transaction by Vienna Capital Partners, Cameron McKenna, Beragua Capital and PwC.


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