Sociéte de Services,de Participations,de Direction et d'Elaboration completed the acquisition of 93.29% stake in Devin JSC.
March 09, 2017
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Sociéte de Services,de Participations,de Direction et d'Elaboration (ENXTBR:SPA) agreed to acquire 93.29% stake in Devin JSC on December 19, 2016. The transaction values Devin at €120 million enterprise value. As of February 16, 2017, Bulgarian Commission for Protection of Competition approved the acquisition of Devin JSC. CMS Hasche Sigle acted as legal advisor for Advent International Corporation. BNP Paribas Fortis SA/NV (ENXTBR:017250539) acted as financial advisor for Sociéte de Services,de Participations,de Direction et d'Elaboration. Rob Irving ,Chris Watkinson ,Nora Wouters , Zita Albert and Ivan Jelocnik of Dentons Europe LLP acted as legal advisor to Group SPADEL. Ernst & Young LLP acted as legal advisor to Spadel SA.
Sociéte de Services,de Participations,de Direction et d'Elaboration (ENXTBR:SPA) completed the acquisition of 93.29% stake in Devin JSC on March 10, 2017.
Spadel SA specializes in the production and marketing of soft drinks. The group also operates a spa (Thermes de Spa). The group's activity is organized essentially around two product families:
- natural mineral water: the largest mineral water producer in Benelux with brands notably including Spa Marie-Henriette, Spa Reine, Spa Barisart, Bru®, Devin, Wattwiller and Carola;
- lemonades, fruit syrups and flavored waters (brands Spa® Fruit, Spa® Duo and Spa® Touch).
At the end of 2022, the group had 5 production sites located in Belgium (2), France (2) and Bulgaria.
Net sales are distributed geographically as follows: Belgium/the Netherlands/Luxembourg (67.7%), Bulgaria (21.2%) and other (11.1%).