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 [...]
Tag Archives: Penta Investments
Penta makes indicative offer for all A-TEC divisions
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 [...]
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 [...]
Penta Investments Interested In Purchasing A-TEC
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 [...]
Drumet Acquired By WireCo World Group, Inc.
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 [...]
Advent Picks up TES Vsetín and MezServis from Penta
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 [...]
Penta Investments Meets Deadline for Initial SPEC Bids
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 [...]
Penta Accepts Mid Europa Bid for Zabka Polska
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 [...]
Penta, PGNiG Among Potential Bidders for Warsaw’s SPEC
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 Reaches Deal With Britian’s Tesco for Żabka’s Czech Assets
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. [...]
Sazka Might Find Saviour in Italy’s Lottomatica
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 [...]
Penta Offers to Save Struggling Sazka
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 [...]
Genesis Capital Sells AB Facility to Penta
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 [...]
Suitors Line up to Buy Zabka from Penta Investments
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 [...]
Penta Announces Merger of Poland’s Iglotex and Iglokrak
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 [...]
Penta Pledges Funding for Jan Kulczyk’s Enea Bid
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 [...]
Dexia Signs Deal to Sell Slovak Subsidiary to Penta
Making good on a deal reached with the European Commission, Dexia has signed an agreement with Penta Investments to sell its 88.71% stake of subsidiary Dexia banka Slovensko. Once the transaction is completed, Penta plans to launch a takeover bid with the aim of acquiring the outstanding shares held by minority shareholders. As late as [...]
Fortuna IPO Oversubscribed, Sells 18.2 Million Shares
Fortuna, the Czech Republic betting group, recently announced a successful IPO that raised € 78.3 million and was oversubscribed to the tune of 200%. The IPO sold 18.2 million shares at a price just slightly below the maximum price of €4.5 listed in the IPO. With the new funding, Fortuna expects to launch a new [...]
Penta Considers Partial IPO for Zabka in 2011
Zabka, the Polish convenience store chain owned by Penta Investments, is poised to shake up the market if Penta follows through on plans to offer part of the company in an IPO next year. The company’s aggressive expansion plans require a infusion of cash, and Penta thinks an IPO of 35% or more may be [...]
Penta to Exit Fortuna Via an IPO
Confirming rumors that had been circulating for days, Fortuna Entertainment Group announced in late September a plan to conduct an IPO and subsequent listing of shares. Current owner, Penta Investments, has realized a significant profit during its time with Fortuna, and as the firm furthers acquisitions for 2010, the time seems right to divest their [...]
