Grant Thornton’s experts provided transaction advisory services to Bracia Sadownicy Sp. z o.o. in the merger with Victoria Cymes. Our team supported also Syntaxis Capital (private debt investor dedicated to providing long-term capital to fast growing medium-size companies in Central Europe) which was immanent part of this transaction.
The team at Grant Thornton, consisting of Katarzyna Buda, Zenon Wawryszko, Dominika Ryngwelska, and Aleksandra Kotlińska, provided financial due diligence advisory services to Bracia Sadownicy Sp. z o.o. In addition, Katarzyna Ciesielska and Dariusz Gałązka provided tax due diligence services. Our experts also provided transaction advisory services for the Sale and Purchase Agreement (SPA) as well as negotiation of the financial parameters of the deal.
Bracia Sadownicy is a company operating in the orchard and fruit and vegetable processing market, located in Śmiłowice. The company offers a wide range of apple-based products, including juices, purees, and beverages.
Victoria Cymes has been operating in the Polish market since 1981, with its headquarters in Wałcz. The company employs approximately 160 employees and around 140 collaborators. Their flagship products are fresh carrot, carrot-celery, and apple juices under the Cymes brand.
The business objective of the newly formed Group is to double its turnover within three years (estimated at around PLN 200 million in revenue for the current year) and build one of the strongest and most efficient direct distribution networks for fresh products in Poland. The portfolio strategy involves maintaining the existing brands, Bracia Sadownicy and Victoria Cymes, as well as establishing a new brand to enter new product categories in which the companies plan to expand. The merger will allow the company to strengthen its market position in the juice, nectar, and beverage category and be among the top three juice producers in Poland.
