Enterprise Investors (EI) has followed up with a EUR 10 mln investment in Profi Rom Foods thorough its Polish Enterprise Fund VI. The additional funding will be used to expand operations through new stores, as well as for acquiring smaller chain stores within Romania. Total investment by PEF VI in Profi now stands at EUR [...]
Tag Archives: Enterprise Investors
KBW and Enterprise Investors Mull Possible Investment in Small Croatian Banks
KBW, a U.S. investment bank, along with Enterprise Investors, a Poland based group, announced that they are interested in acquiring several small Croatian banks. Some of the banks that are listed as possible acquisitions include: Centar Banka, Jadranska Banka, Karlovacka Banka, Istarska Kreditna Banka, and Varazdinska Banka. Centar Banka (www.centarbanka.hr) Centar Banka is a commercial [...]
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EI Sells 8.2m Shares of Kruk International
Citing an eight-fold return on its investment, Enterprise Investors has sold a significant portion of its shares in Poland’s Kruk International as part of an IPO on the Warsaw Stock exchange. The IPO netted Kruk a total of €92 million, of which 90% came from institutional investors. Retail investors accounted for the remaining 10%. For [...]
Enterprise Investors Gains 27% Share in Poland’s Screen Network
Enterprise Investors has announced a deal to acquire a 27% share of Polish digital advertising firm Screen Network. The investment will be made through the Enterprise Venture Fund I, and is worth €2 million. The new funding will enable Screen Network to ramp up expansion plans which include outdoor signage and advertising, and what’s known in the [...]
Enterprise Investors Sells PharmaSwiss Stake to Canadian Company
Poland’s Enterprise Investors has agreed to a deal involving the sale of its entire stake in PharmaSwiss to Canadian pharmaceutical company Valeant Pharmaceuticals International. Enterprise Investors will get € 52.5 million for its share; the remainder of the PharmaSwiss shareholders will also sell, giving Valeant 100% ownership at a total cost estimated to be near [...]
Enterprise Investors Planning New Buyout Fund for 2011
With Enterprise Investors’ Polish Enterprise Fund VI reaching a point of full investment, the private equity firm intends to raise a new fund in 2011. Polish Enterprise Fund VI was closed in 2006 with capital of €658 million. The fund was oversubscribed twice and fund raising was completed in only three months. In addition, Enterprise Investors [...]
XTB Sells Minority Share to Enterprise Investors for €57m
European securities trader X-Trade Brokers (XTB) has received a €57 million infusion of cash through an investment deal with Enterprise Investors. Enterprise acquires a significant minority stake through the transaction, which is being funded by the Polish Enterprise Fund VI. Exceptional growth and revenue over the last several years are two of the major factors [...]
Enterprise Refuses Further Funding of Orbis Travel, Bankruptcy Follows
Poland’s Orbis Travel stunned the markets and the nation on 29 September by filing for bankruptcy. The cause of the company’s financial meltdown was the refusal by majority owner Enterprise Investors to infuse any more cash into the troubled travel agency. Enterprise acquired Orbis Travel from former owner Orbis SA in January of this year. [...]
EI Completes Partial Exit of Harper Hygienics
Enterprise Investors has completed a partial divestment of Poland’s Harper Hygienics through an IPO on the Warsaw Stock Exchange. The transaction, which consisted of just over 25% of Harpers, or 13 million shares, netted Enterprise’s Polish Enterprise Fund V a total of PLN 53.3 million at PLN 4.1 per share. Enterprise has been invested in [...]
Enterprise Investors Puts €7m Into Estonia’s Webmedia
Poland’s Enterprise Investors (EI) has announced their first Estonian investment in a partnership with Webmedia Group. EI’s Enterprise Venture Fund I will acquire a 36% share of Webmedia at a cost of €7 million. The investment will help aid the international expansion plans of Estonia’s leading computer software producer. EI officials are impressed with Webmedia’s [...]
EI Sets Foot in Hungary With Netrisk.hu Deal
Warsaw-base Enterprise Investors has recently entered the Hungarian market with its first-ever investment in the eastern European nation. The new deal will be structured as a €23 million (HUF 6.4 billion) buyout for a controlling stake in Netrisk.hu, a 15 year-old insurance company founded by current CEO Zsolt Haraszti. Enterprise has been looking at possible Hungarian targets [...]
EI Invests in Euro-Tax.pl Via the Enterprise Venture Fund I
Enterprise Investors (EI) has added a seventh SME to the portfolio of its Enterprise Venture Fund I (EVF) with the investment of PLN 7.3 million in Euro-Tax.pl. The buy-out deal with the Polish income tax service gives EI a 25% stake in the company. EI’s investment is seen by both parties as a means to [...]
Enterprise Investors Looking at New AAC Plant in Poland
Poland’s Enterprise Investors (EI) recently made public its plans to increase investment in Macon, the building materials company it acquired in 2006. Plans call for EI to acquire an existing aerated autoclaved concrete (AAC) producer and build or acquire a third production plant to cover the southeastern portion of Poland. The expansion plans are slated [...]
Enterprise Investors Reaches Deal With Poland’s Dino Supermarkets
Enterprise Investors (EI) has signed a deal to acquire a 49% share of Dino, a move that will help the Polish supermarket’s plan to expand its operations. The €50 million investment, which will be made as a capital increase through EI’s Polish Enterprise Fund VI, now awaits approval from Polish authorities. Once complete, Dino will [...]
Enterprise Investors Reaches €3m Deal With Smartree Romania
Romanian human resource firm Smartree Romania has a new investor by way of Poland’s Enterprise Investors (EI). The Enterprise Venture Fund I (EVFI) will acquire a 56% interest in Smartree in exchange for capital financing of €3 million. Smartree plans to use the funding to further expand its software outsourcing and payroll management services while also introducing a [...]
Orbis Travel Acquired by Enterprise Investors
In keeping with its vision for a consolidated tourism industry in Central Europe, Warsaw-based Enterprise Investors has inked a deal to acquire Poland’s Orbis Travel. Once the acquisition is complete, Enterprise will own just over 95% of Orbis and plans to continue operating under the well-known and trusted Orbis brand name. The deal must still [...]
Possibility of AVG IPO Raised by Enterprise Investors
Late last week Polish investment firm Enterprise Investors raised the possibility that AVG, the Czech security software firm in which EI is the largest shareholder, could be listed on the Warsaw bourse next year. Citing AVG’s importance to the CEE region, EI’s Dariusz Pronczuk indicated the firm’s desire to have the company listed on a [...]
Profi Rom Food Agrees to 100% Acquisition by Enterprise Investors
Profi Rom Food Group, a leading Romanian grocery chain, is preparing for new ownership following a takeover announcement by Enterprise Investors (EI). Enterprise has reached a formal agreement to acquire 100% of Profi Rom from Duna Waiting Participation, for a price of €66 million. The acquisition will be made through EI’s Polish Enterprise Fund VI and [...]
Enterprise Investors Gains Control of Polish Stem Cell Bank
Enterprise Investors’ Enterprise Venture Fund I has become the majority shareholder of Polski Bank Komórek Macierzystych (PBKM), acquiring 50.1% of the company’s shares for PLN 18.1 million. The deal was offered as expansion financing to the Polish stem cell bank and marks the fund’s fifth investment this year. PBKM plans to use the funding for [...]
TA Associates Invests in AVG Technologies
In one of the largest private equity deal for CEE this year, Boston’s TA Associates has acquired a 25% stake in AVG Technologies, the Czech computer security software developer. The USD 200 million acquisition was made through the purchase of proportional shares from all current shareholders. Enterprise Investors retained 34% stake and has now surpassed [...]
