Czech Republic-based soft drink producer Kofola, which is backed by Central and Eastern Europe-focused private equity and venture capital firm Enterprise Investors, has raised CZK11.37 billion (approximately US$446 million) in an initial public offering (IPO) on the Prague Stock Exchange. Enterprise Investors’ Polish Enterprise Fund VI, which originally invested in Kofola in 2008, sold a six percent stake for EUR23 million (approximately US$24.4 million) in the offering. Enterprise Investors retained a 37.3 percent stake in Kofola.