Expansion financing
We provide companies with expansion financing to fund an increase in production capacity, develop a new product range or acquire a competitor. We also support management teams with cross-sector expertise and when making key business decisions. Moreover, we help companies formulate strategy, conceptualize and implement the best financing structures and recruit outstanding executives.
One of our primary reasons for investing in Dino was its focus on the attractive proximity supermarket format. Thanks to Enterprise Investors’ backing, Dino expanded rapidly from 97 stores at the time of our investment in 2010 to 628 at the end of 2016 and has become one of the fastest-growing supermarket chains in Poland. The supply chain and back-office functions have kept up with the growth of the network thanks to investment in two distribution centers and the introduction of advanced IT solutions. The company’s growth has generated new jobs, with employment at Dino increasing eightfold since 2010 to 11,600 in April 2017. Dino’s founder, who established the company in 2000, was the majority shareholder throughout our investment and after our exit. In April 2017 we sold our entire stake in a successful IPO on the Warsaw Stock Exchange. The gross proceeds from the transaction amounted to EUR 376 million, yielding a 7.6x total gross multiple of cost. Since our exit Dino has continued to outperform the market, dynamically expanding its market presence and multiplying its value on the WSE.
Our funds have provided expansion financing to accelerate the growth of several dozen companies from Poland and CEE, including Dino, PBKM, Unilink, PragmaGO and Software Mind.