AMC Capital IV SCSp, advised by Accession Capital Partners (ACP), has agreed to sell its share in Profi, a leading producer of pâté and ready-to-eat meals across Poland, to a consortium led by Custodia Capital. The transaction generated a strong return on investment for investors in AMC Capital IV SCSp.
The latest exit follows a highly successful 2024 for ACP, which saw the structured growth capital provider announce five deals, three exits, and the successful close of AMC V at €336 million, its largest vehicle in its 25-year history.
Profi’s leading pâté brand has been in the market since 1993, and subsequently launched its ready-to-eat meals category in 1999. Following the investment from ACP, Profi embarked on a brand refresh in 2022 to create a new and modern brand “JemyJemy” which was recognized last year in the ‘Golden Innovations 2024’ competition. The brand includes ready-to-eat soups and meals and has substantial potential for further growth.
Jakub Chechelski, Partner at Accession Capital Partners, said: “During our holding period, Profi reinforced its strong position as the leading brand in both of its product categories. Operational improvement initiatives supported the bottom-line, while the targeted capex program set the company up for continued growth in the future. Our five-year journey with Profi has been exemplary and we wish them every success in the future.”
“ACP’s expertise and dedication played a crucial role in our expansion. Their support was instrumental in strengthening our market position and driving our success. This new transaction marks a significant milestone in our strategy to further diversify our product offering and expand into international markets,” says Krzysztof Stojanowski, Chief Executive Officer of Profi. “Partnering with Custodia Capital opens new opportunities, enabling us to continue our growth while implementing innovative solutions to enhance operational efficiency and maximize our team’s potential.”
Advisers to the deal included Deloitte and MJH (sellers), as well as MFW Fialek, Thedy & Partners, and CMS Cameron McKenna (buyers).
Accession Capital Partners
Accession Capital Partners (ACP) is investing from its fifth fund AMC V SCA SICAV-RAIF which closed at €336m in June 2024. ACP has been operating in Central and Eastern Europe since 2000 through its offices in Vienna, Warsaw, Bucharest, Budapest and Prague. To date, the group has raised commitments of more than €1.2bn in five dedicated growth capital funds. The funds are backed by reputable institutional investors, including the European Investment Fund, the International Finance Corporation, the European Bank for Reconstruction and Development and a number of banks, family offices, funds of funds, pension funds and insurance companies from Europe, the US and Asia.
https://realdeals.eu.com/article/acp-exits-profi-to-custodia-capital-led-consortium
For further information, please contact:
Christian Stix,
Partner and Head of Investor Relations
tel.: +43 1 532 89 9019
www.acp-group.eu