Private-equity firm MidEuropa Partners has acquired a “significant minority stake” in the European protein bars and functional beverages producer Oshee.
London-headquartered MidEuropa has acquired the interest in Poland-based Oshee from peer Innova Capital for an undisclosed sum, according to separate statements from the investors.
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MidEuropa said yesterday (16 February) it will invest alongside Oshee’s founders Dariusz Galezewski and Dominik Dolinski, who will keep a majority shareholding and continue to run the company.
In its own statement, Innova Capital said that during its time as an investor, Oshee “almost quadrupled revenue organically” to more than 750m zlotys ($210.7m) in 2025, while EBITDA rose “more than fivefold”.
The Polish company sells into 55 countries across six continents. Innova Capital first invested in Oshee in 2018, acquiring a 33% stake.
Oshee’s product range includes muesli and protein bars, along with isotonic drinks, vitamin waters and energy beverages, aimed at “active” consumers.
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By GlobalDataGalezewski and Dominik said in the MidEuropa statement that the deal “marks an important milestone for Oshee as we continue to scale the brand internationally and deepen our connection with consumers”.
They added: “Our growing presence in the UK and our LaLiga partnership across 43 European countries show that our ambitions extend well beyond Poland.”
MidEuropa said Oshee is “well positioned to continue capturing share in the fast-growing functional drinks category both domestically and internationally”, adding that the business is also “pursuing M&A opportunities in another key Western European market”.
Pawel Malicki, a partner at MidEuropa who led the transaction, said: “We look forward to working with the founders to support the company in accelerating its international expansion while continuing to strengthen the business operationally.”
The deal is contingent on standard regulatory clearances and is expected to be completed sometime in 2026.
Leszek Muzyczyszyn, a senior partner at Innova Capital, said: “We believe that, together with the new investor, Oshee will continue to strengthen its position in international markets and further expand its product portfolio, delivering unique value to consumers.”
