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Mid Europa Partners to invest in Walmark, the #1 dietary supplements company in Central and Eastern Europe

12 August 2012

Mid Europa Partners, the largest private equity firm focused on Central Europe and Turkey, announced that it has entered into an agreement to partner with the founders of Walmark a.s. ("Walmark" or the "Company") by acquiring a 50% stake in the Company. The transaction is subject to customary closing conditions and is expected to be completed in Q4 2012.

With revenues approaching €100 million and employing approximately 800 people, Walmark is the #1 independent vitamins, minerals and dietary supplements manufacturer in Central and Eastern Europe.

Matthew Strassberg, Partner of Mid Europa responsible for the healthcare sector, said: "With its strong brands, undisputed category leadership and attractive growth outlook, Walmark is ideally placed to capitalize on the dynamically developing consumer health market in Central Europe, driven by rising disposable incomes, increasing awareness of the benefits of preventive medicine and supportive regulatory shifts favoring OTC medicines."

Michelle Capiod, Director of Mid Europa, who led the investment, commented: "Over the last two decades Walmark's founders have built a unique pan-regional platform with highly recognizable brands that are poised for substantial growth. We are excited to form this partnership and look forward to working together with Walmark's founders and management team to take the Company through its next phase of development. We are enthusiastic about the opportunities to strengthen Walmark's position in key markets and core categories, while also pursuing add-on acquisitions to broaden its geographic footprint and product portfolio."

"We are pleased to welcome Mid Europa as our partner. With their backing, we are ideally placed to further accelerate Walmark's growth trajectory and capitalize on expansion opportunities. Mid Europa's long-standing track record in the CEE region and network of renowned industry experts will be of great value to the Company as it enters this new chapter", said Adam Walach, co-founder of Walmark.

The transaction was executed by Michelle Capiod, Robert Chmelar and Martin Zita from Mid Europa.

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