CVC Capital Partners has announced the acquisition of Stock Spirits, an alcohol producer listed on the London Stock Exchange.
The Stock Spirits portfolio includes over 70 brands, incl. flavored vodkas and liqueurs based on vodka, rum, brandy, bitters and limoncello, including such as Żołądkowa Gorzka, Amundsen, Lubelska. The main markets for Stock Spirits are: Poland, which accounts for more than half of sales, the Czech Republic and Italy.
The CVC fund is a long-term investor in the region of Central and Eastern Europe, and its Polish investments include Żabka and PKP Energetyka.
“Stock Spirits has been in the circle of our interests for a decade. During this time, we were constantly impressed by its strong and constantly strengthening position in many key European markets, with particular emphasis on the CEE region. We were also aware of its potential for further growth. Now that the transaction is closed, we will have the opportunity to work closely with the management team. We have one common goal, which is to increase the further development of the organization through the best possible execution of the adopted strategy” – comments István Szőke, Managing Partner of CVC Capital Partners.