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Highlander Partners Adds Bulgarian Food Brand SanoVita to Food and Beverage Portfolio
Tuesday 25 February 2020

25 February 2020 - Texas, US-based private equity firm Highlander Partners, L.P. has acquired a majority stake in Bulgaria-based food brand SanoVita to accelerate growth of SanoVita with new products and enhanced capabilities, the company said.
Terms of the transaction were not disclosed.
Highlander Partners said SanoVita's growth opportunities will be driven by increased consumer awareness and product innovation.
Kinstellar acted as legal counsel to Highlander Partners and TS Partners as financial and tax advisor, while RTPR Allen and Overy acted as a legal counsel to SanoVita's founders.
SanoVita represents a healthier alternative to traditional foods. The company offers a wide range of products, including snacks, cereals, rice cakes, tofu, mueslis, and nut and seed mixes.
Highlander Partners, L.P. has approximately USD 2bn of assets under management.
Date Published: 25/02/2020
Target: SanoVita/majority stake
Country: Bulgaria
Sector: Food/Beverages/Tobacco
Type: Corporate acquisition
Status: Closed
Buyer: Highlander Partners, L.P.
Buyer Advisor: Kinstellar , TS Partners
Terms of the deal were not disclosed