Kubo Ice Cream shareholders negotiate sale

The producer of Amicii ice cream could be taken over by a foreign private equity fund for 20 million euros, sources from the market told ZF. Shareholders of Kubo Ice Cream, one of the top five ice cream producers on the local market, with annual sales worth over 1 million euros, are in talks with several investors to sell the company. According to the quoted sources, the three Kubo shareholders, Florin Rosescu, Vasile Mancas and Constantin Brau Ros, are in advanced talks with Austrian private equity fund Capexit, which does not have coverage of the local market yet. Several multinational companies have shown an interest in taking over the ice cream producer, valued at around 20 million euros. Contacted by ZF, Florin Rosescu confirmed there were talks to sell Kubo Ice Cream, but declined to provide any further details. Rosescu holds around 33% in the company, whilst the other two shareholders have similar stakes, according to Trade Registry data.