Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Enterprise Investors

Company Profile: Enterprise Investors

Description:

Enterprise Investors was established in 1990 with its initial $240 million Polish-American Enterprise Fund. It is the oldest firm of its kind Poland, managing private equity and venture capital funds in Poland and Central and Eastern Europe.

EI Completes Partial Exit of Harper Hygienics

Enterprise Investors has completed a partial divestment of Poland's Harper Hygienics through an IPO on the Warsaw Stock Exchange. The transaction, which consisted of just over 25% of Harpers, or 13 million shares, netted Enterprise's Polish Enterprise Fund V a total of PLN 53.3 million at PLN 4.1 per share.

Enterprise Investors Puts €7m Into Estonia's Webmedia

Poland's Enterprise Investors (EI) has announced their first Estonian investment in a partnership with Webmedia Group. EI's Enterprise Venture Fund I will acquire a 36% share of Webmedia at a cost of €7 million.

EI Sets Foot in Hungary With Netrisk.hu Deal

Warsaw-base Enterprise Investors has recently entered the Hungarian market with its first-ever investment in the eastern European nation. The new deal will be structured as a €23 million (HUF 6.4 billion) buyout for a controlling stake in Netrisk.hu, a 15 year-old insurance company founded by current CEO Zsolt Haraszti.

EI Invests in Euro-Tax.pl Via the Enterprise Venture Fund I

Enterprise Investors (EI) has added a seventh SME to the portfolio of its Enterprise Venture Fund I (EVF) with the investment of PLN 7.3 million in Euro-Tax.pl. The buy-out deal with the Polish income tax service gives EI a 25% stake in the company.

Enterprise Investors Looking at New AAC Plant in Poland

Poland's Enterprise Investors (EI) recently made public its plans to increase investment in Macon, the building materials company it acquired in 2006. Plans call for EI to acquire an existing aerated autoclaved concrete (AAC) producer and build or acquire a third production plant to cover the southeastern portion of Poland. The expansion plans are slated to be complete by the end of 2012;

Enterprise Investors Reaches Deal With Poland's Dino Supermarkets

Enterprise Investors (EI) has signed a deal to acquire a 49% share of Dino, a move that will help the Polish supermarket's plan to expand its operations. The €50 million investment, which will be made as a capital increase through EI's Polish Enterprise Fund VI, now awaits approval from Polish authorities.

Enterprise Investors Reaches €3m Deal With Smartree Romania

Romanian human resource firm Smartree Romania has a new investor by way of Poland's Enterprise Investors (EI). The Enterprise Venture Fund I (EVFI) will acquire a 56% interest in Smartree in exchange for capital financing of €3 million. Smartree plans to use the funding to further expand its software outsourcing and payroll management services while also introducing a new line of personnel outsourcing.

Orbis Travel Acquired by Enterprise Investors

In keeping with its vision for a consolidated tourism industry in Central Europe, Warsaw-based Enterprise Investors has inked a deal to acquire Poland's Orbis Travel. Once the acquisition is complete, Enterprise will own just over 95% of Orbis and plans to continue operating under the well-known and trusted Orbis brand name.

Possibility of AVG IPO Raised by Enterprise Investors

Late last week Polish investment firm Enterprise Investors raised the possibility that AVG, the Czech security software firm in which EI is the largest shareholder, could be listed on the Warsaw bourse next year. Citing AVG's importance to the CEE region, EI's Dariusz Pronczuk indicated the firm's desire to have the company listed on a local stock exchange. Should the plans come to fruition, AVG could possibly be the largest IT Company on the Warsaw Stock Exchange while also being listed on either the New York or London Stock Exchange.

Profi Rom Food Agrees to 100% Acquisition by Enterprise Investors

Profi Rom Food Group, a leading Romanian grocery chain, is preparing for new ownership following a takeover announcement by Enterprise Investors (EI). Enterprise has reached a formal agreement to acquire 100% of Profi Rom from Duna Waiting Participation, for a price of €66 million. The acquisition will be made through EI's Polish Enterprise Fund VI and will give the private investment company full ownership of not only Profi Rom, but Albinuta Shops and DT Logistic as well.

Enterprise Investors Gains Control of Polish Stem Cell Bank

Enterprise Investors' Enterprise Venture Fund I has become the majority shareholder of Polski Bank Komórek Macierzystych (PBKM), acquiring 50.1% of the company's shares for PLN 18.1 million. The deal was offered as expansion financing to the Polish stem cell bank and marks the fund's fifth investment this year. PBKM plans to use the funding for expansion and acquisition in Central and Eastern Europe as well as the continued development of stem cell technologies and procedures.

TA Associates Invests in AVG Technologies

In one of the largest private equity deal for CEE this year, Boston's TA Associates has acquired a 25% stake in AVG Technologies, the Czech computer security software developer. The USD 200 million acquisition was made through the purchase of proportional shares from all current shareholders.

Sygnity Sells Web Inn to Enterprise Investors

Polish private equity firm Enterprise Investors has acquired 100% ownership of IT outsourcing company Web Inn. The acquisition was made through Enterprise's Venture Fund I (EVF I) at a cost of PLN 16 million (€3.6 million).

Enterprise Investors Purchases Majority Stake In R&C Union SA

An agreement has been reached between Warsaw based Enterprise Investors and R&C Union, making Enterprise a majority owner in the Polish restaurant and music club chain. The acquisition, which is being funded via the private equity firm's €100 million Enterprise Venture Fund I, is worth PLN 13.1 million (approximately €3 million) and will give Enterprise a 47.9% stake in R&C Union.

Bio-Profil Acquired by Enterprise Venture Fund I

In its second investment since closing last fall, Enterprise Venture Fund I has acquired a 36 percent stake in Bio-Profil, a dermo-cosmetics and aesthetic medicine producer. The fund, managed by Enterprise Investors, has the option to increase its stake in the company up to 49 percent. The transaction was completed for a total of EUR 3.2 million.

Enterprise Investors Acquires 30% Stake in Dystrybucja Polska

Enterprise Investors' venture capital fund Enterprise Venture Fund I has acquired a 30 percent stake in Dystrybucja Polska. The first investment of the firm's inaugural venture capital fund is worth slightly more than USD 2 million.

Enterprise Investors acquires 42.46% in a Public Tender Offer of Kofola-Hoop

Polish Enterprise Fund VI, a private equity fund managed by Enterprise Investors, has announced its acquisition of a 42.46% stake in Kofola-Hoop, one of the most significant producers of non-alcoholic beverages in Central and Eastern Europe. PEF VI acquired the stake in a PLN 480 million (approx. €140 million) public tender offer.

Enterprise Investors makes Public Offer for Kofola-Hoop

Polish Enterprise Fund VI, a private equity fund managed by Enterprise Investors, acting jointly with several shareholders of Kofola-Hoop, announced a public tender offer for all the remaining shares in the company.

Enterprise Investors announces closing of Enterprise Venture Fund I

Enterprise Investors announced the final closing of its new fund - Enterprise Venture Fund I. The total size of the fund, which is the first venture capital fund in the EI group, is €100 million.