Enterprise Investors Announces the Ventura 2009 Awards

Warsaw, 16 June, 2010 — Enterprise Investors, the oldest and one of the largest private equity and venture capital management firms in Poland and Central and Eastern Europe, has announced the winners of its prestigious annual awards program recognizing the firm’s best portfolio companies. In addition to the usual four categories, this year the Ventura 2009 Awards audience granted a special 20th-Anniversary Award to Enterprise Investors itself.

The Ventura Award in the Most Dynamic Company category was shared this year by two companies. One of the winners was AVG Technologies, the global anti-virus software provider that is number four player worldwide with 110 million users. The company generated a 32% sales increase and 25% net profit growth in 2009. The second winner in this category, Dystrybucja Polska, was the most rapidly growing company in the portfolio of EI-managed Enterprise Venture Fund last year. The company grew its sales by 22% and its net profit increased by an outstanding 98% in 2009.

The Most Effective Company title went to Magellan, the leading non-banking financial institution operating in Poland’s healthcare market and listed on the Warsaw Stock Exchange. Magellan outperformed its rivals with a net income margin of 59% and an EBITDA to total assets ratio of 7%.

Nordglass, Europe’s leading manufacturer of automotive glazing, received the Event of the Year title for its 40% increase in export sales compared to the previous year. The company’s export sales amounted to €86 million in 2009.

The Manager of the Year title was awarded to Mr. J.R. Smith, CEO of AVG Technologies, the most dynamic company in the Enterprise Investors buyout portfolio in 2009.

There were two other nominees in each category. Contending for the Most Dynamic Company title were Harper Hygienics, the Polish manufacturer of skincare-related cotton products, and Kruk, the largest receivables management company operating in the retail receivables market in Poland and Romania. AVG Technologies, which was nominated for a Ventura in three categories, and Skarbiec Asset Management Holding, competed in the Most Effective Company category. Zelmer’s successful expansion into Russia and the raising of PLN 110 million through bond financing by Magellan were put forward for Event of the Year. The other candidates in the Manager of the Year category were Krzysztof Kawalec, President of Magellan, and Robert Neymann, President of Harper Hygienics.

A special 20th-Anniversary Ventura was awarded by the gala audience to Enterprise Investors, for its 100 Investments in Poland. There were two other nominations for this celebratory distinction: Management Stock Options and 25 Initial Public Offerings on the Warsaw Stock Exchange.

The Ventura Awards, now in their ninth year, recognize the achievements both of Enterprise Investors’ portfolio companies and of the managers committed to their growth. At next year’s Venturas we will be marking the tenth anniversary of this prestigious award.



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Enterprise Investors Announces the Ventura 2009 Awards

Warsaw, 16 June, 2010 — Enterprise Investors, the oldest and one of the largest private equity and venture capital management firms in Poland and Central and Eastern Europe, has announced the winners of its prestigious annual awards program recognizing the firm’s best portfolio companies. In addition to the usual four categories, this year the Ventura 2009 Awards audience granted a special 20th-Anniversary Award to Enterprise Investors itself.

The Ventura Award in the Most Dynamic Company category was shared this year by two companies. One of the winners was AVG Technologies, the global anti-virus software provider that is number four player worldwide with 110 million users. The company generated a 32% sales increase and 25% net profit growth in 2009. The second winner in this category, Dystrybucja Polska, was the most rapidly growing company in the portfolio of EI-managed Enterprise Venture Fund last year. The company grew its sales by 22% and its net profit increased by an outstanding 98% in 2009.

The Most Effective Company title went to Magellan, the leading non-banking financial institution operating in Poland’s healthcare market and listed on the Warsaw Stock Exchange. Magellan outperformed its rivals with a net income margin of 59% and an EBITDA to total assets ratio of 7%.

Nordglass, Europe’s leading manufacturer of automotive glazing, received the Event of the Year title for its 40% increase in export sales compared to the previous year. The company’s export sales amounted to €86 million in 2009.

The Manager of the Year title was awarded to Mr. J.R. Smith, CEO of AVG Technologies, the most dynamic company in the Enterprise Investors buyout portfolio in 2009.

There were two other nominees in each category. Contending for the Most Dynamic Company title were Harper Hygienics, the Polish manufacturer of skincare-related cotton products, and Kruk, the largest receivables management company operating in the retail receivables market in Poland and Romania. AVG Technologies, which was nominated for a Ventura in three categories, and Skarbiec Asset Management Holding, competed in the Most Effective Company category. Zelmer’s successful expansion into Russia and the raising of PLN 110 million through bond financing by Magellan were put forward for Event of the Year. The other candidates in the Manager of the Year category were Krzysztof Kawalec, President of Magellan, and Robert Neymann, President of Harper Hygienics.

A special 20th-Anniversary Ventura was awarded by the gala audience to Enterprise Investors, for its 100 Investments in Poland. There were two other nominations for this celebratory distinction: Management Stock Options and 25 Initial Public Offerings on the Warsaw Stock Exchange.

The Ventura Awards, now in their ninth year, recognize the achievements both of Enterprise Investors’ portfolio companies and of the managers committed to their growth. At next year’s Venturas we will be marking the tenth anniversary of this prestigious award.