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Enterprise Investors makes 12x return on AVG Tech exit

29 Aug 2014

router-led-lights-869240-mPolish private equity firm Enterprise Investors has reportedly sold all its stake in Dutch antivirus software firm AVG Technologies more than two years after its January 2012 listing.

The GP is believed to have generated a 12-times exit multiple on the final sale of the AVG shares, according to Unquote.

It also represents the most successful exit for the Polish Enterprise Fund V fund, which held its final close in January 2004 on €300m.

The firm is said to have made a total of €300m from its investment in AVG.

Central and Eastern Europe-focused Enterprise closed its Polish Enterprise Fund VII (PEF VII) on €314m in May last year.

The firm’s strategy is to finance mid-market buyouts and growth companies in selected industry sectors, mainly in Poland.

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