Central and Eastern Europe-focused private equity firm Mid Europa Partners has agreed to sell Poland-based convenience store chain Zabka Polska to global private investment firm CVC Capital Partners at a reported enterprise value of more than EUR1 billion (approximately US$ 1.1billion). Mid Europa, which originally acquired Zabka in 2011 at an enterprise value of EUR370 million (approximately US$509.6 million) through Mid Europa Fund III, reportedly generated a return multiple of 3.3x on its investment. The transaction, which is subject to customary competition authority clearance, is expected to close in Q2 2017.