JPMorgan Partners and Bancroft Private Equity Acquire Nowaco Central Europe.
PR Newswire Europe, May, 2005
LONDON, May 21 /PRNewswire/ -- JPMorgan Partners ("JPMP"), the private equity arm of J.P. Morgan Chase & Co. (NYSE: JPM), and Bancroft Private Equity, LLP ("Bancroft"), a Central European private equity firm, today announced that they have signed a definitive agreement under which JPMP and Bancroft will acquire Nowaco Central Europe ("Nowaco CE" or the "Company") from Nowaco Group A/S (Copenhagen: NOWA), for a total enterprise value of approximately EUR90 million (US$113 million).
Based in Kralupy, Czech Republic, and founded in 1990, Nowaco CE is a leading distributor of chilled and frozen food in the Czech Republic, Slovakia, and Hungary to the HoReCa (Hotel, Restaurant, Catering) and retail sectors. The Company also produces and distributes the...
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