Enterprise Investors to nab €12.5m proceeds via Skarbiec sale


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.

The Polish firm scored a seven-times return selling PEF VI’s portfolio company Profi Rom Food to fellow CEE-focused buyout firm Mid Europe Partners for €533m.

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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