Mid Europa acquired a majority stake in Mlinar.

Mid Europa Partners, the private equity investor in Central and Eastern Europe, acquired a majority stake in Mlinar, Croatian bakery retail and wholesale business from its founder, Mato Škojo, who will retain a stake in the company. Financial terms were not disclosed. Andrej Babache, Partner of Mid Europa, said: "We plan to help the Company expand internationally and we look forward to our partnership with Mr Škojo as he continues to support Mlinar's growth." Mato Škojo, Founder of Mlinar, commented: "I look forward to working with Mid Europa as a strong and credible partner with an excellent track record in food production and retail."