The Service of the Commission for the Protection of Competition announces that it received a notification concerning the acquisition by CVC Capital Partners SIVAC-FIS S.A via Vivartia Co., intends to acquire the companies Michael Arabatzis Food Industrial & Commercial Company and ALESIS Industrial and Commercial Confectionary Company.
CVC and its subsidiaries and CVC Capital Partners Advisory Group Holding Foundation and its subsidiaries are privately owned entities which constitute the CVC Network. The activities of this network include the provision of investment advice and/or investment management on behalf of certain funds and investments platforms.
Vivartia is a holding company and the managing company of Vivartia Food Production Group. The activities of this group can be categorized in the following sectors: frozen food sector, dairy and beverage sector, catering and entertainment services sector.
The target in this transaction comprises of two enterprises, Michael Arabatzis Food Industrial & Commercial Company and ALESIS Industrial and Commercial Confectionary Company. The first enterprise main activities concentrated on the production and sale of frozen dough products – puff pastry. The second enterprises main activities concentrate on the sale f frozen dough products as well as fresh refrigerated dough products.