PE firm Penta Investments and asset managers Eastbridge have now raised their bid for Polish retail company Empik Media & Fashion to PLZ 10.38 per share. The first offer, pegged at PLZ 410 mln for a 40-percent stake in the company, was rejected in favor of a higher bid, which seems to have come through. [...]

Penta Investments is known to have made a bid for German insolvent chain of drug stores, Schlecker, after almost a month since its last 40 percent stake purchase in Polish retail company EM&F. The bid for Schlecker is non-binding at this point, with the objective being that the Schlecker family will only own a marginal stake [...]

Czech fund Penta Investments has bid for a 40 percent stake in Polish retailer Empik Media & Fashion (EM&F) for 410 million zlotys. The offered price denotes 11.2 percent and 10.7 percent premiums to 3 and 6 months average share prices, respectively. Penta plans to co-manage the business with EM&F’s main shareholder Eastbridge and delist [...]

Czech-Slovak Central European investment group Penta has completed the purchase agreement for purchasing 100 per cent stake in CLAR Systems S.A., Poland’s leading facility management services provider. Penta is currently consolidating its property management and maintenance operations in central Europe by new acquisitions. Founded in 1994, Penta invests in retail, energy, aerospace, engineering, banking and [...]

Central European private equity and real estate firm Penta Investments has invested an amount equal to 80 percent stake in Masaryk Station Investment, which currently owns 66 percent of Masaryk Station Development; the other 34 percent is held by Czech Railways – České dráhy. The Prague deal will also involve subsequent land acquisition from the [...]

Central Europe-focused private equity group Penta has made an indicative offer to buy out all three divisions of A-TEC Industries. Penta has made the offer through the trustee, Dr. Matthias Schmidt, and is ready to settle and sign within a matter of weeks should the trustee want this. Due diligence has already been carried out [...]

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 [...]

A-TEC an Austrian engineering group will be bid on by Penta Investments for assumption of full ownership. Martin Danko, spokesman for Penta has stated that he believes the investment is a good choice for the investment firm. A-TEC must find a buyer by 30 June 2011 in accordance with a deal struck with creditors in [...]

WireCo World Group has purchased Drumet, a Poland based steel wire manufacturing company that is the largest of its type in Central Europe. The purchase was made from Penta Investments. Drumet (www.drumet.pl) Drumet was founded in 1895 and has been the largest producer of steel wire and wire products in the Central European area. Based [...]

Global equity investor Advent International recently announced the acquisition of two partner companies from the Czech Republic’s Penta Investments. The two companies,TES Vsetín and MezServis, make up what will be called the TES Group. Advent will acquire 100% of the shares of both companies pending the approval of German and Czech authorities. Penta first purchased [...]

The city of Warsaw, Poland is in the midst of a process to sell its municipal heating operator, SPEC, and now it appears as though Penta Investments is one of 10 to 20 potential bidders. Penta confirmed rumors that it met the deadline for initial bids although company spokesman would not elaborate any further. The [...]

After a somewhat chaotic bidding process that seemed to change almost on a daily basis, Mid Europa has emerged as the winning bidder for Poland’s leading convenience store chain, Zabka Polska. Mid Europa acquires 100% of the company from Penta Investments, pending regulatory approval, after more than three tumultuous months in which investors were not [...]

The city of Warsaw recently announced plans to privatize SPEC SA, which operates the municipal heating system in Poland’s capital city. Officials announced plans to sell the 85% stake earlier this month, and will take bids until March 28. A short list of potential buyers should then be completed by the end of April. S [...]

Penta Investments has begun putting into motion its previously announced plans to divest itself of Żabka by selling the majority of Żabka’s assets in the Czech Republic. The deal, the value of which has been placed at CZK 1.02 billion, gives control of 81 Żabka franchises and 47 Koruna stores to Tesco, a British supermarket concern. [...]

Czech betting and gaming company Sazka, struggling to fend of attempts at forcing insolvency, may find a saviour in Italian counterpart Lottomatica. The two have been working together for some time, with Lottomatica currently working on gaining operational control of Czech lottery terminals for Sazka. The Italian gaming company has already thrown it’s support behind [...]

Sazka, the nearly bankrupt lottery provider for the Czech Republic, may be able to remain in operation if it accepts a deal offered by Penta investments in December. Penta had planned to start providing lottery services in the Czech Republic in 2011 and Sazka would be its only competitor. As it stands, Sazka needs between [...]

Following a successful seven-year investment in AB Facility, Genesis Capital has reached an agreement to sell the Czech property management company to Penta Investments. The investment marks the first of its type for Penta who is entering the property management sector for the first time. Penta intends to use the deal as a catalyst for [...]

While Penta investments has been considering a partial divestment from Polish retail convenience store chain Zabka, various investors have lined up to express interest in acquiring the company. Though Penta has made no official decision on its plans for Zabka, and said it wouldn’t do so until 2011, that has not prevented industry experts from [...]

Making good on its public plans to consolidate the fractured frozen foods market in Poland, Penta Investments has announced a merger deal with Ipopema FIZ that will combine two of their respective holdings. The merger will bring together Penta’s Iglokrak and Ipopema’s Iglotex to create Poland’s largest frozen foods distributor. The heavily fractured Polish market [...]

In the ongoing saga that is the sale of Polish utility Enea, businessman Jan Kulczyk has strengthened his position with a promise of funding from Czech-Slovak PE firm Penta Investments. Mr. Kulczyk had been given exclusive rights to negotiate in October of this year, but the Treasury Ministry reconsidered due to fears that he would [...]