Advent International Corporation, through its acquisition vehicle Advent Water (Luxembourg) has signed a definitive agreement to acquire 75.32% stake in Devin AD from Devin Beteiligungs GmbH, the holding company of Soravia Group AG.
 
Devin AD, a listed Bulgaria based company headquartered in Sofia, is a provider of bottled mineral water, spring water, carbonated and non-carbonated soft drinks and mineral water pumps. Advent Water (Luxembourg) is an acquisition vehicle created by Advent International Corporation, the US based private equity firm headquartered in Boston, Massachusetts. Soravia Group AG, the Austria based company headquartered in Vienna, is engaged in real estate business and equity investments.

~ Mergermarket

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