Krokus Increases Catermed Stake With New Investment

Poland’s Krokus Private Equity has announced its sixth investment inCatermed, a capital increase which now gives them majority control of the catering company. The investment was made through Krokus PE’s €100 million Nova Polonia Natexis II fund and gives the firm a 55% stake in Catermed.

Krokus is targeting the Polish catering sector for possible consolidation as it is now highly fragmented. The investment continues Krokus’ healthcare strategy which includes investments in other companies such as healthcare network provider Polmed.

Catermed (www.catermed.com.pl)
Catermed is a Polish catering concern specializing in providing catering services to hospitals and other healthcare facilities. In addition, the company also provides catering to schools, community centers, and a variety of other institutions in Poland from a network of kitchens mainly in the southern portion of the country.

In attempting to expand its business model, Catermed ventured into the elder care sector with the opening of a new Kraków retirement facility earlier this year.

The company is based in Kraków where it’s been since its inception in 2001.

Krokus Private Equity (www.krokuspe.com)
Krokus Private Equity is a mid-cap private equity investor active in a variety of sectors with a special emphasis on consolidation of fractured industries.

The firm prefers investments in the €3 million to €10 million range, as a major shareholder or one with a significant minority share.

The firm does not invest in early-stage companies or startups.

Since the company’s inception nearly 14 years ago, they have made dozens of investments, completed 51 successful exits, and sat on the boards of more than 70 companies.

Krokus Private Equity operates from its headquarters based in Warsaw.