Penta Investments is adding once more to its portfolio with a 75% acquisition agreement for Gehring Technologies. The company manufactures honing machines typically used in the automotive industry, among others. Stargate Capital, current 100% stakeholders in Gehring, will retain the remaining 25% of the shares, and both partners will work in tandem to promote the [...]

Mid Europa forges ahead with its consolidation plans for the laboratories industry in Central Europe with the recent SBO of Alpha Medical, a Polish lab network formerly owned by Penta Investments. The deal involves a 100 per cent stake sale by Penta, and adds to Mid Europa’s medical laboratory portfolio, currently consisting of a majority [...]

Central-Europe-focused private equity house Penta Investments has closed its third successful real estate deal by buying the Walter factory site from Red Group in Prague. The investment company intends to pump in over EUR 200 mln in the development of the 160,000 square meter site into a ‘resi-mmercial” piece of valuable real estate over the [...]

CEE-centric PE fund Penta Investments is looking to increase its stake in Slovak healthcare group Dôvera by buying out the remaining 50 per cent stake from current co-investor Prefto Holding. The Slovak Anti-monopoly Office is yet to approve the transaction, as is the Healthcare Surveillance Authority. While Penta is keen on participating in the healthcare system as well as [...]

After a Slovak Anti-monopoly Office decision came through, Penta Investments has confirmed a 100 per cent acquisition of Estate Consult, owner of the Svet zdravia group of regional hospitals. The EUR 3 mln investment, which is spread out through 2012, will result in the modernization and improvement of customer service capabilities of ten healthcare facilities [...]

CEE-centric PE fund Penta Investments has entered an agreement with Celesio to purchase its Czech pharma retail chain Lloyds, as well as Gehe, its wholesale distribution company. The deal is worth EUR 84.5 mln and will culminate in the integration of the Lloyds stores into Ceska Lekarna, which runs the Czech pharmacy chain Dr. Max. [...]

The Slovak government has arrived at a decision to eliminate private health insurance firms in the nation and bring all related services under a single system run by the state. However, the profitable private enterprises operating in this sector in Slovakia may show some resistance to the move. Prime Minister Robert Fico’s move to mandate [...]

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 [...]