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PRINT THIS PAGE Krokus closes Nova Polonia Natexis II Private Equity Fund on €100m22/06/2007. Source: AltAssets. 
 Krokus Private Equity has closed its Nova Polonia Natexis II Private Equity Fund on €100m, the hard cap of the fund. The fund had an original target of €75m.
Commitments came from investors including Natixis Private Equity, the European Bank for Reconstruction and Development, InvestKredit, Suomi Mutual Life Assurance Company and Amanda Capital.
Nova Polonia Natexis II Private Equity Fund will target expansion and buy-out opportunities in the Polish mid market. It will invest between €3-10m of equity in companies with an enterprise value of between €3-30m operating in sectors ranging from manufacturing to retail and services. To date, the fund has committed almost €13m in two investments.
Witold Radwanski, chief executive of Krokus, said, 'We are delighted to announce the final close of Nova Polonia Natexis II, our fourth private equity fund but the first following our own buy-out last year. In particular, we are happy that such a large number of investors were interested in our fund that we had to close at the hard cap and, even then, could not accommodate all the interest shown.
'I am particularly pleased with our partnership with Natixis Private Equity who have provided not only an investment in the fund but are a minority investor in the management company. To date they have added considerable value and provide a strong pan-European context in which to analyse domestic Polish businesses. We look forward to working with them in the future and to further deepening our working relationship,' Radwanski added.
Krokus was set up by its partners, Witold RadwaBski, Marzena Tomecka, Robert BoCyk and Piotr Oskroba, together with Natixis Private Equity, following the partners' buy-out from their former parent AIB.
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