Poland

Private equity and venture capital news from Poland

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• CEE-focused private equity firm Enterprise Investors buys stake in Polish restaurant and music club chain 14 May 2009. Source: AltAssets. Enterprise Investors, a Poland-based private equity firm, has agreed to buy a 47.9 per cent stake of R&C Union, one of the biggest Polish restaurant and music club chains. The investment, which will be made from the firm’s €100m Enterprise Venture Fund I, is worth PLN13.1m (around €3m) and will make the fund a majority shareholder.

• Enterprise Investors acquires 43 per cent stake in Kofola-Hoop for €128m 13 Nov 2008. Source: AltAssets. Polish private equity and venture capital firm Enterprise Investors has acquired a 42.6 per cent stake in Warsaw Stock Exchange-listed non-alcoholic beverage company Kofola-Hoop, for PLN480m (€127.8m). The firm made the investment through its Polish Enterprise Fund VI.

• EQT opens Warsaw office, hires Piotr Czapski 16 Oct 2008. Source: AltAssets. Nordic private equity firm EQT Partners has opened its first CEE office, in Warsaw. The new office, headed by Piotr Czapski, represents the next step in EQT's expansion into the CEE markets, the firm said in a statement.

• Enterprise Investors announces €143m public tender offer for Kofola-Hoop 01 Oct 2008. Source: AltAssets. CEE-focused private equity firm Enterprise Investors, through its Polish Enterprise Fund VI, has offered to acquire all the remaining shares in Polish beverage company Kofola-Hoop for €148m. The offer price represents a 48 per cent premium over the current stock market price.

• CEE private equity firm Enterprise Investors closes latest fund on €100m 16 Sep 2008. Source: AltAssets. CEE-focused private equity firm Enterprise Investors has closed its Enterprise Venture Fund I on €100m.

• Polish private equity firm Enterprise Investors acquires bathroom retailer Wema 08 Aug 2008. Source: AltAssets. Warsaw-based private equity firm Enterprise Investors has acquired a 60 per cent stake in Polish bathroom retailer and wholesaler Wema for €46m. The firm made the investment from its €658m Polish Enterprise Fund VI, which closed in September 2006.

• Darby hires Sean Glodek as senior vice president in Warsaw office 02 Apr 2008. Source: AltAssets. Darby Overseas Investments, the private equity arm of investment management firm Franklin Templeton Investments, has appointed Sean Glodek as senior vice president in the firm's Warsaw office. In his new role, Glodek will source and execute new investments from the €248m Darby Converging Europe Mezzanine Fund.

• Bridgepoint acquires CEE rail logistics company CTL 21 Nov 2007. Source: AltAssets. European private equity firm Bridgepoint has acquired CTL Logistics, a Poland-based private rail logistics company operating in Central and Eastern European from its founder, Jaroslaw Pawluk, for an undisclosed amount. Pawluk will remain with the firm as a significant minority shareholder and will also join the company's supervisory board.

• Carlyle strengthens CEE team with three senior hires 09 Nov 2007. Source: AltAssets. US buy-out giant The Carlyle Group has expanded its Warsaw-based CEE team with the appointment of three professionals. Janusz R Guy has been appointed a managing director, while Aleksander Kacprzyk and Piotr Nocen have been appointed directors. They will join the team established and led by managing director Ryszard Wojtkowski.

• Carlyle opens Warsaw office, led by Ryszard Wojtkowski 23 Aug 2007. Source: AltAssets. The Carlyle Group has established a team to conduct private equity investments in Central and Eastern Europe. The Warsaw, Poland-based team will be headed by managing director Ryszard Wojtkowski.

• Krokus closes Nova Polonia Natexis II Private Equity Fund on €100m 22 Jun 2007. Source: AltAssets. Krokus Private Equity has closed its Nova Polonia Natexis II Private Equity Fund on €100m, the hard cap of the fund. The fund had an original target of €75m.

• Enterprise Investors finds Komfort in Poland 09 Apr 2007. Source: AltAssets. Polish Enterprise Fund V and Polish Enterprise Fund VI – private equity funds managed by Enterprise Investors – have finalised their purchase of the Komfort retail chain. PEF V and PEF VI have bought out 100 per cent of the Komfort retail chain for a total of €64m, with half the transaction amount financed with acquisition debt.

• 3i to back its first MBO in CEE 21 Mar 2007. Source: AltAssets. 3i has agreed to back an MBO of Euro-Druckservice Aktiengesellschaft (EDS), a web-offset printer in the Czech Republic, Poland and Hungary, with a presence in Germany and Austria. The deal is the first for 3i's new CEE team, part of 3i Buyouts and led by Stuart McMinnies, a 3i partner based in London.

• Bridgepoint to increase its activity in CEE region with new Warsaw office 12 Feb 2007. Source: AltAssets. European private equity firm Bridgepoint plans to open a new office in Warsaw to help the firm access investment opportunities across Central and Eastern Europe. The new office will be led by Khai Tan, the former head of Advent International's operations in Poland.

• Nova Polonia Natexis II Private Equity Fund holds first closing on €52m 23 Nov 2006. Source: AltAssets. Krokus Private Equity's new fund, Nova Polonia Natexis II Private Equity Fund, has held a first closing on €52m. The fund has a target of €75m. Its investment focus is on the Polish mid market.

• Enterprise Investors closes Polish Enterprise Fund VI 29 Sep 2006. Source: AltAssets. Central and Eastern Europe-focused private equity firm Enterprise Investors has closed its new fund, Polish Enterprise Fund VI, on €658m.

• DBG, 3TS acquire controlling stake in Polish clothing retailer Komex 18 Aug 2006. Source: AltAssets. Central and Eastern European-focused private equity firms DBG Eastern Europe and 3TS Central European Fund II have acquired a controlling stake in Komex, a retail chain offering clothing for children. Financial details of the transaction were not disclosed.

• Lion Capital to sell Polish firm Aster City Cable to MEP for PLN1.6bn 08 Dec 2005. Source: AltAssets. London-based Lion Capital, acting as the advisor to the Hicks, Muse, Tate & Furst Europe Fund, has agreed to sell Polish media and communications services provider Aster City Cable to Mid Europa Partners for PLN1.6bn (€412m).

• Poland's Innova Capital exits Orange Slovakia 26 Oct 2005. Source: AltAssets. Polish private equity firm Innova Capital has exited its investment in Slovakian mobile communications operator Orange Slovakia. Two Innova Capital investment funds were part of the consortium that has now sold its shares to French telecommunications operator France Telecom.

• Innova Capital acquires EBCC Poland S.A. 08 Jun 2005. Source: AltAssets. Innova Capital has acquired 100 per cent of shares in Wroclaw, Poland-based European Brakes and Chassis Components Poland S.A., a supplier of aluminum brake components to the automotive industry in one of the first leveraged buy-outs in Poland. EBCC was divested by Valfond Groupe, a French industrial player.

• Riverside's IPO of Polish manufacturer Zetkama raises $4m 18 Mar 2005. Source: AltAssets. Middle-market specialist The Riverside Company has listed Polish manufacturer Zetkama on the Warsaw Stock Exchange. The IPO raised nearly $4m and was one of relatively few IPOs that have been successfully completed by a private equity firm in Poland to date. The valuation achieved at the IPO represented 7.3x 2004 EBITDA.

• ARGUS sells 21 per cent stake in Polish firm Aster City Cable to Hicks Muse 13 Jan 2005. Source: AltAssets. Central & Eastern European private equity fund ARGUS Capital Partners has sold its 21 per cent stake in Polish firm Aster City Cable to US buy-out firm Hicks, Muse, Tate & Furst. The financial terms of the deal have not been disclosed but the fund announced that this sale represented a money multiple of approximately three times for ARGUS and generated an IRR of almost 90 per cent.

• Poland's Copernicus launches first Central and Eastern European fund of funds 03 Nov 2004. Source: AltAssets. Polish fund management company Copernicus Capital has launched the first ever private equity fund of funds with a specific focus on managers investing in Central and Eastern Europe. The fund has a target of E115m.