CVC Capital Partners today announced that funds advised by CVC have agreed to acquire Żabka Polska from Mid Europa Partners. The investment is subject to customary regulatory approvals.
Founded in 1998, Żabka is the leading Polish convenience retailer. In the last 19 years, Żabka has grown from a single convenience store in Poznań to a country wide network of c.4,500 stores all operated by c.3,000 talented and entrepreneurial franchisees.
“We are delighted to join the CVC family, with its strong track record globally in building great businesses in partnership with stakeholders. Their retail expertise and understanding of the local Polish market will be invaluable to us as we enter the next phase of our development.”
Tomasz Suchański, CEO
The Jamieson team, led by Ian Jamieson and Andrew Cox, advised the management team on their exit from Mid Europa Partners and reinvestment alongside CVC. This transaction marks the third Polish management team advised by Jamieson within the past 18 months, having previously worked on the acquisition of Smyk and Allegro.