Polish buyout house Enterprise Investors (EI) has exited Romanian construction materials manufacturer Macon Group.
The firm sold it to trade buyer Xella Group after holding the business for more than a decade.
EI first invested in 2006, and two years later acquired Macon’s direct rival Simcor Group. The two businesses were merged and became Romania’s largest business in the sector.
It now operates four production sites and employs up to 800 people. Its sales are expected to reach €33m in 2017.
The deal marks an exit for Funds V and VI, but no financial details were disclosed.
EI vice president Serban Roman said, “The company is in a very good shape and I am optimistic about its growth opportunities in the future.”
The exit comes just months after the firm scrapped its plans to exit Baltic tour operator Novaturas which was previously agreed in the summer.
A day before, AltAssets reported that the firm had bought up Slovakian food retailer CBA from Fund VII.
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