In 2020 July, Flair Mojito Kft. a producer and retailer of dietary and allergen-free foods, sold its majority shares to an investment Company, founded by members of the acquired Company’s management.
Flair MojitoKft. under Safi brand produces allergen-free reform foods: primarily flour mixtures, food powders and numerous other healthy food ingredients. The Company sells its products mainly online with its web shop but owns a few stores as well and the products are also available at many third party retailers. The original owners of Company remained as minority shareholders and will take their part in developing and managing the Company.
The purchaser investment company was founded by a few members of the acquired Company’s management. The new majority owners previously dealt with establishing franchise networks and they are planning to support the growth of the business with these experiences. Hiventures provided capital financing to the investment company through its MFB Generation Change Programme which enabled a successful MBO (Management Buy-Out) transaction.
The exclusive transaction advisor of the Buyers was Concorde MB Partners.