PE manager Krokus Private Equity funded the Management Buy-out (MBO) deal of LOTOS Parafiny, Poland’s largest paraffin producer and distributor. A special purpose vehicle – Krokus Chem Sp. Z.o.o., jointly owned by the fund Nova Polonia Natexis II and the current management team, acquired 100 pc ownership of the unit in a leveraged deal from [...]
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Mid Europa Consolidating Polish Diagnostics Market, Buys Fryda
Mid Europa, the largest CEE-centric fund, has purchased Fryda Laboratorium Medyczyne through a jointly held venture called Polska Grupa Laboratoriów Medycznych. The acquisition marks another milestone in Mid Europa’s consolidation of the Polish diagnostics laboratory industry, following the purchase of Diagnostyka, the market leader in the country, in January 2011. The fund is displaying an [...]
Polish e-commerce site ready for a Nokaut IPO
Poland’s third largest ecommerce website Nokaut is planning to raise USD 15.5 million through an initial public offering (IPO) to fund its inorganic expansion plan. Michal Jaskólski, co-founder of Grupa Nokaut SA, completed the fundraiser road-show last week in the third largest eastern European country with an estimated ecommerce market size of USD 5.3 billion. [...]
SpeedUp Grabs Up 6 Investment Opportunities
True to its name, SpeedUp Venture Capital Group has invested funds in as many as six new companies across domains such as e-commerce, e-tourism, e-health, social media and mobile technology. After an intensively grueling analysis of about 200 potential target companies, Ortopedio, Pastylka.pl, Lookmash.com, TimeSelf, RekomendMe and Fusion Sheep made the cut to share the [...]
Giza Polish Ventures Invests In Audio Book Company
The newly formed VC company Giza Polish Ventures has invested in a three-year old audio book portal called Audioteka.pl, which currently markets a range of audio books in Poland. The company’s fund requirement at the moment is to aid their expansion into Bulgaria, Romania and Hungary. Though Giza Polish Ventures was intended to support start-up [...]
MCI Management Funds Poland’s Leading Consumer Electronics Portal Morele.net
MCI Management’s venture wing, MCI TechVentures fund, has invested in one of Poland’s leading online IT equipment retailers, Morele.net. The investment marks a further expansion of MCI Management’s portfolio into companies providing e-commerce platforms. The funding will help accelerate Morele.net’s already fast rate of growth in the e-commerce segment. Morele.net (www.morele.net) Morele.net is the second [...]
Wisdio Acquires Additional Funding, To Compete Globally
Wisdio, the relatively new Poland-based question and answer website, has managed to gain traction in the form of additional investor support. In all they are now running with another series of funding provided by three PEs, three private investors and some existing shareholders. The recent new share issue has fattened their books by about PLN [...]
IIF Invests In Polish Developer Of ShootAR
Internet Investment Fund (IIF) of Krakow, Poland, has invested in Future Reality Games, the developer of the widely played First Person Shooter (FPS) augmented reality game, ShootAR. The game essentially allows users to play an online version of the hugely popular paintball against their friends in a multitude of variations of the point and shoot [...]
Apax joins hands with Santander to acquire Kredyt Bank stake
Amidst a flurry of deals in Poland’s banking sector, UK-based PE fund Apax Partners has partnered with European banking behemoth Banco Santander to acquire an 80 percent stake in KBC’s Kredyt Bank. The Polish bank’s shares will come at a price of USD 1 bln. The deal follows on the heels of an earlier proposal [...]
Giza Polish Ventures First Polish-Israeli VC Fund
Giza Polish Ventures, the investment world’s first Polish-Israeli VC fund, has been set up in Warsaw to invest in early stage technology companies.
Polish mobile app developer Appvetica Garners hardGAMMA Investment
Polish investor hardGAMMA Ventures has recently invested in a Warsaw-based mobile applications development laboratory called Appvetica.
Polish KOM-EKO controlling stake acquired by Royalton Partners
Royalton Partners has acquired a controlling stake in KOM-EKO, one of Poland’s leading waste management companies and a market leader in Refuse-Derived Fuel (RDF). The leveraged buyout was facilitated by an amount of PLN 39 mln from BRE Bank, which was earmarked for financing the acquisition. The transaction marks Royalton’s first foray into the waste [...]
Polish retail group acquired by PE firm Resource Partners
Strategic Value Partners – a US based distressed assets investment specialist, has exited Polish personal care chain operator Polbita, five years after it had acquired Polbita’s parent company IWP International. The Polbita sale marks the third and final round of divestment of the IWP portfolio. The US alternative investment group had invested EUR 90 million [...]
AHP Attracts Investment from Advent International
Warsaw based leading operator of cardio-vascular treatment units – American Heart of Poland S.A. (AHP), has attracted global private equity firm Advent International for fresh capital infusion. The amount of investment in AHP remained undisclosed . As a precursor to the deal, AHP’s legal status was changed from a “Limited Liability Company” to a “Joint [...]
Impax makes 100MW wind energy deal
In a strategic acquisition bid, Impax Asset Management has acquired a 100MW power portfolio in Poland and France from European power company Eolia, through its Impax New Energy Investors II fund. While the French assets have contributed towards the expansion of their Paris-based Epuron project, the Polish acquisition, a single 6MW facility, marks its foray [...]
CapMan’s Walki Group Acquires Meuwissen
CapMan Plc. portfolio company Walki Group has bought out the owner’s stake in Meuwissen, a family-owned construction materials company.
Eurohold Bulgaria Management Approves WSE Listing
The board of financial and industrial group, Eurohold Bulgaria, has approved a plan to float shares in the Warsaw Stock Exchange apart from its current listing on the Bulgarian Stock Exchange. In addition to floating more than 108 mln shares, the company will subsequently issue 36.2 mln new shares at BGN 1.5 per share (against [...]
Poland-based Emperia Shortlists Four PE Investors for Retail Division
Polish company Emperia has shortlisted four private equity firms for the sale of its retail division. Potential investors include Advent International, Mid Europa Partners, Penta Investments and Doughty Hanson; Tesco and Carrefour are also interested in the acquisition, which is valued at USD 272 mln (PLN 900 mln). The deal follows an attempt by Emperia [...]
Termo-Organika MBO funded by Krokus
Termo-Organika, Poland’s leading manufacturer of domestic insulation materials and systems, has recently gained support for a leveraged management buyout with private equity funding from Krokus.
Liberty Global Buys 100% equity in ASTER, from Mid Europa
Polish telecom provider ASTER Sp. z.o.o. has been sold to US cable operator Liberty Global, Inc. (LGI) in a 100 percent equity transfer agreement between LGI and British private equity firm Mid Europa Partners LLP. The deal, which was announced in December 2010 and expected to be closed by June 2011, has only recently been [...]
