Polish private equity group Enterprise Investors will bag €12.5m in gross proceeds from the partial exit of nine-year investment Skarbiec Holding.
The firm is sold a 31 per cent stake in the asset management business through an accelerated bookbuilding process on the Warsaw Stock Exchange (WSE).
With around €3.6bn assets under management, Skarbiec is Poland’s fifth largest funds manager currently overseeing 59 funds and sub-funds.
Enterprise Investors acquired the company back in 2007 using capital from its PEF V fund.
Over the past nine years Skarbiec has achieved a fivefold increase in assets under management.
Enterprise Investors floated the business on the WSE in November 2014.
Enterprise Investors closed its latest PEF VII fund on €314m back in 2013 and is not looking to start new fundraising by the end of 2016, the firm has told AltAssets.
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