Dentons advised Bounty Brands, part of the South African Coast2Coast fund, in connection with the acquisition of the Unitop group, a Polish manufacturer of sesame snaps, halva and other confectionary products and snacks. The group employs 450 people. It exports to many European countries as well as to North America, Australia and Asia.
Dentons provided a full range of advisory services on the transaction, including due diligence, negotiation support, as well assistance in obtaining merger clearance from the Office for Competition and Consumer Protection.
"We are honored to have had this opportunity to work with Coast2Coast, a dynamic player in Poland's private equity market. This is the second transaction we have handled for the client this year, on the back of our work on the acquisition financing of KROSNO glassworks," said partner Piotr Dulewicz, Head of Dentons' Private Equity and Mergers and Acquisitions teams in Poland. "Dentons is uniquely positioned to advise on major mergers and acquisitions in the food industry having advised on large deals for Agros-Nova group and biscuits manufacturer Dr Gerard."
The team of advisors involved in the transaction included partners Piotr Dulewicz and Pawel Grabowski, and senior associate Michal Wasiak from the Private Equity and Mergers and Acquisitions teams in Warsaw, as well as partner Agnieszka Stefanowicz-Baranska and senior associate Anna Gulinska from the Competition and Antitrust team.