Wednesday 23 October 2013

Bridgepoint seals second Warsaw deal

Bridgepoint's only other deal in Warsaw is CTL Logistics, which it bought in 2008.
 
Polish private label biscuits firm Dr Gerard has been sold by Groupe Poult to Bridgepoint, marking the second deal from the private equity house's Warsaw office.
The biscuit maker operates from three sites across Poland and employs more than 950 people.
Like other sectors in Eastern Europe, Poland's biscuits market is highly fragmented, with four players holding around a third of the space. Bridgepoint is anticipating market growth of six per cent per annum.
Bridgepoint's only other deal in Warsaw is CTL Logistics, which it bought in 2008.
Groupe Poult, an investment of LBO France, acquired Dr Gerard just three years ago. At the time it operated under the name Lider SKG before rebranding in 2011.
LBO France bought Groupe Poult in 2006 and put the French biscuit maker on the block in 2010, at the same time it was pursuing Dr Gerard, but failed to find a buyer.
The firm hired Rothschild earlier this year as it looks for an exit once again.

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