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2 June 2017

Enterprise Investors partially exits Skarbiec

Warsaw, 2 June 2017 — Polish Enterprise Fund V (PEF V), a private equity fund managed by Enterprise Investors, has sold almost 33% stake in Skarbiec Holding (Skarbiec), a leading investment fund management company (IMF) in Poland, through a secondary transaction on the Warsaw Stock Exchange (WSE).

  • The transaction generated gross proceeds of EUR 18.0 million;
  • Following the transaction PEF V continues to hold a 11% stake in the company.

Skarbiec is one of the longest standing IFM companies in Poland. PEF V invested in the company in 2007. Since the investment Skarbiec has significantly improved its performance by expanding the distribution network, generating a sixfold increase in AuM (assets under management) and strengthening its position on the dynamically growing market. In November 2014 Skarbiec was listed on the WSE. Currently Skarbiec has EUR 4.6 billion in AuM. In the last twelve months until 31 March 2017 the company generated EUR 23.0 million in revenues and net profit of EUR 5.9 million.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 137 companies across a range of sectors and exited 121 companies with total gross proceeds of almost EUR 3.4 billion.

For further information please contact:

Anna Czywczyńska, PR Consultant
Dariusz Prończuk, Partner
tel.: +48 22 458 8500|
www.ei.com.pl