Deals
Mid Europa Buys Zabka as Polish Retail Market Consolidates
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Mid Europa Partners, a U.K.-based private equity firm, today bought Zabka Polska SA, Poland’s largest convenience-store chain, as Polish mergers and acquisitions continue after a record last year.
Mid Europa will pay Penta Investments 400 million euros ($551 million) for the 2,400-store chain, Martin Danko, a spokesman for the Czech and Slovak private equity fund that’s selling Zabka, said in a text message today. Zabka had 121.5 million zloty ($42 million) in earnings before interest, taxes, depreciation, and amortization on sales of 2.54 billion zloty last year, Penta said in an e-mailed statement today.