DC Advisory advised Resource Partner on the sale of Golpasz to De Heus

Background

• Golpasz is a leading Polish animal feed manufacturer selling approximately 40,000 tonnes of compound feed per month
• Golpasz has four strategically located and modern facilities with advanced technology embedded
• Golpasz operates on the most attractive animal feed market in the European Union, driven by largest and fastest growing poultry market in Europe 
• Golpasz is owned by the management and leading CEE private equity firm, Resource Partners. Following Resource Partners’ investment in 2015, Golpasz built state-of-the-art production facility from scratch and increased production volumes by c.40% 

Process

• DC Advisory (DC) was engaged by Golpasz and Resource Partners to act as their financial advisor and provide sell-side advisory services
• DC has strong knowledge of the animal feed sector and unique access to potential buyers
• DC provided comprehensive financial advice to Golpasz and ran a competitive M&A process including SPA negotiations

Outcome

• Resource Partners signed an agreement to sell Golpasz to De Heus, a family-owned Dutch animal feed manufacturer with a global presence
• DC completed a broad and competitive auction process, which, after a well-prepared and efficient due diligence process, resulted in an agreement with De Heus, who aim to strengthen their presence in the Polish market
• The completion of the transaction is subject to a customary anti-trust clearance
• This deal represents the first major post-Covid-19 private equity exit in Central and Eastern Europe