Dentons has advised Pavol Jakubec, as sole owner, on the sale of 100 percent of his shares in I.D.C. Holding to Irish group Valeo Foods, a portfolio company of the American private equity house Bain Capital. I.D.C. Holding is a major manufacturer of high-quality sweets in Slovakia with a turnover of almost €200 million annually. The portfolio includes traditional and iconic brands such as Horalky, Mila, Lina, Kávenky, Goralki, Moments, Verbena, and many others. The group employs more than 1,150 people across three production sites located in Slovakia and three subsidiaries in Czech, Hungary and Poland.
Valeo Foods is one of Europe’s fastest-growing food groups and one of Europe’s leading manufacturers and suppliers of quality sweets, snacks and refreshments.
The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close by the end of 2024.
Partner Juraj Gyárfáš led the Dentons’ team, supported by senior associates DrahomĂr Ĺ iroký and Tomáš Pavelka.
