Polish convenience store chain, Zabka Polska, has been acquired by private equity firm, Mid Europa Partners, The Wall Street Journal reports. Czech private equity firm, Penta Investments, has sold the company’s 2,455 grocery stores for about $551 million, adds Bloomberg.
JP Morgan, Baker & McKenzie, KPMG and Roland Berger acted as advisors to Penta, while Mid Europa was advised by Vienna Capital Partners, Cameron KcKenna and PricewaterhouseCoopers. Penta had earlier sold Zabka’s Czech unit to U.K. retailer, Tesco, for $53 million.
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