Penta Investments
Posted Wed, 03/03/2010 - 22:31
Penta Investments, the CE investment group based in Prague, has reached an agreement to acquire the PR Market chain in the Czech Republic. Penta will acquire 100% of PR Market, which operates under the Koruna brand name, with completion of the deal expected to come within the next two months. The acquisition is expected to help strengthen Zabka, the convenience store chain also owned by Penta. Neither party has commented on the value of the acquisition as they wait for regulatory approval from the Czech Antimonopoly Office.
Posted Sat, 30/01/2010 - 18:48
Penta Investments may be considering an IPO in the near future for portfolio company Fortuna, Central Europe's largest betting chain operation. Penta, which owns 100% of Fortuna, considers an IPO to be one of the options available to further develop Fortuna and strengthen its position in the region. The company believes it could raise as much as €100 million on the Warsaw and Prague stock exchanges.
Posted Thu, 15/10/2009 - 21:46
Alpha Medical Ventures, a portfolio company of European private equity firm Penta Investments, has acquired a 90% stake in Polish lab chain DD Lab. The investment is Alpha Medical's first opportunity in Poland and part of the company's strategy to become a market leader in the Central European nation of 38 million people. DD Lab's 10 facilities and annual revenue of €4 million make it the sixth-largest such business in Poland, boosting Alpha's total European market share as they plan to enter the Czech Republic in the near future.
Posted Wed, 07/10/2009 - 22:46 by Invest-IQ Team
Despite a good reputation and thorough security clearances from the Czech Republic, Poland, and NATO, Czech private equity firm Penta is suspected of having close ties to the Kremlin. The suspicions were made public when Polish radio reported remarks made by Aleksander Szczyglo, head of the National Security Office (NSO), who is apparently concerned with Penta's involvement with a former Czech secret service officer. Szczyglo also expressed concerns with the unknown origin of some of Penta's funds. Penta officials have claimed the suspicions are unfounded and have asked for a formal apology from Szczyglo.
Posted Mon, 14/09/2009 - 12:03 by Invest-IQ Team
Czech-Slovak investment group Penta Investments has shown interest in acquiring one of Hungary's oldest meat producers, the Herz Salami Factory located in Budapest. Herz announced massive layoffs of nearly 450 this past spring as it struggled to finance daily operations. The company was ordered to liquidate a month later and all assets be sold, including the remaining product still at the Herz factory store. The sale was originally planned for early July but lack of interest caused authorities to delay the liquidation indefinitely.
Posted Thu, 20/08/2009 - 16:09
Polish convenience store giant Žabka has reached a deal to acquire the retail operations of Czech based Palma-Tumys from Slavia Capital. The purchase includes five stores selling food and mixed goods in Prague. Žabka intends to transform and re-brand the stores to match the rest of the company's outlets by the end of the year.
Posted Tue, 23/06/2009 - 11:19
Penta Investments, one of the leading investment groups in Central Europe is continuing its aggressive approach in the region by acquiring Polish wire and rope producer Fabryka Lin i Drutu Drumet. The Polish Economic Court has accepted the Penta bid of PLN 120 million for Drumet, which was already involved in bankruptcy proceedings.
Posted Fri, 29/05/2009 - 09:57
Citing the need channel its investments into more lucrative opportunities, Central European investment firm Penta Investments has announced the sale of Mobilking. The deal sends the virtual mobile operator to Polish telecom company MoCoHub Technology Development S.A. for an undisclosed sum. Mobilking will continue to operate on the Polska Telefonia Cyfrowa (PTC) network and expects no disruption in services under the new ownership.
Posted Wed, 15/04/2009 - 22:36
Central Europe's Penta Investments has successfully worked out an agreement to acquire Slovakian window maker Noves okna, s.r.o. The deal marks the second Penta acquisition in the window industry after completing a takeover of Okna Rabien, a Polish window producer. Details of the sale were not disclosed, but Penta plans to invest more than EUR 3 million in coming years to increase Noves' workforce and grow production.
Posted Fri, 20/02/2009 - 01:00
A consortium of investors may acquire pharmaceuticals unit OAO Veropharm from the OAO Pharmacy Chain 36.6. Russia's largest drugs retailer may get USD 230 million for a 52 percent stake in its subsidiary.
Posted Mon, 29/12/2008 - 01:00
Land needed for the privatization and expansion of the Prague airport has been purchased by the airport's operator, Letiste Praha. The process of purchasing the land from its owner, Penta, has been ongoing for several years. The sale, which has already been approved by the Czech government, was paid for out of airport funds. No banks loans were needed for the transaction. Although the specific terms of the deal have not yet been released, the sale price is estimated at around CZK 4 billion.
Posted Thu, 09/10/2008 - 00:00
Penta acquired Okna Rąbień, a leading Polish manufacturer of plastic and aluminium windows.
Posted Mon, 22/09/2008 - 00:00
Penta has not closed the transaction to acquire Russian retail-chain Semya yet. Though the closing is expected, Penta declines information appeared in some media saying that the retail chain has been already acquired.
Posted Wed, 18/06/2008 - 00:00
Flughafen Wien AG signed a contract for the purchase of the stake held by Penta Investments in KSC Holding a.s., which owns 66% of the shares in Košice Airport. The agreed transfer of the shares owned by Penta Investments will raise the stake owned by Flughofen Wien in KSC Holding a.s. to 81%. RZB holds the remaining 19% of the shares.
Posted Mon, 12/05/2008 - 00:00
Penta acquired 49% in Hungary’s second largest meat processor Debreceni Hús (DH). DH will be part of a newly founded Central European meat processing company.
Posted Wed, 02/04/2008 - 00:00
The Penta private equity group will acquire 100% of the energy and engineering company, TES Vsetín s.r.o., the transaction dependent on the approval of the Czech Anti-Monopoly Office.
Posted Wed, 27/02/2008 - 01:00
Penta Investments has acquired Mecom a.s., Humenné, one of the largest Slovak meat processing companies. The transaction was approved by the Slovak Antitrust Office (PMU).
Posted Fri, 22/02/2008 - 01:00
Penta has acquired a majority in Stream Communications Sp. z.o.o. from NASDAQ-listed Stream Communications Network & Media Inc.
Posted Wed, 20/02/2008 - 01:00
Penta Investments sold 100 % of ADAST to J 23. It acquired ADAST through a bankruptcy receivership in 2003.
Posted Thu, 06/09/2007 - 00:00
Rotortech Limited is the first acquisition in Western Europe made by Czech/Slovak private equity group Penta Investments.
