Houlihan Lokey Advises AD Imlek

Houlihan Lokey is pleased to announce that AD Imlek (Imlek or the group), a portfolio company of MidEuropa, has completed an amendment of its existing debt facilities. The transaction closed on 19 July 2023. Houlihan Lokey served as the exclusive financing advisor to MidEuropa and its portfolio company Imlek.

Headquartered in Belgrade, Serbia, Imlek is the market-leading dairy producer in Southeastern Europe, with an established presence in five countries (Serbia, Bosnia and Herzegovina, Macedonia, Montenegro, and Croatia). With four plants across three countries, Imlek boasts a total capacity of approximately 1,700 tonnes of milk per day. Moreover, it sources about 350 million litres of raw milk per annum from circa 4,000 farmers. The group offers a comprehensive product portfolio, including plain milk, plain sour milk products, flavoured yoghurts, functional yoghurts, UHT products, cheese, butter, powdered milk, and juices.

MidEuropa is a leading private equity firm focused on the growth markets of Central Europe. The firm partners with outstanding entrepreneurs and management teams to transform promising businesses into market leaders. Operating from London, Warsaw, and Bucharest, MidEuropa adopts a flexible pan-regional and global approach to identify winning investments across the consumer, healthcare, services, and technology sectors, providing deep holistic expertise to the firms it backs. To date, MidEuropa has raised and managed funds of more than €6 billion and completed 45 investments and over 240 add-on acquisitions across 18 countries.

Houlihan Lokey acted as the exclusive financing advisor to MidEuropa and its portfolio company Imlek.