Goodspeed was established in 2009, initially providing delivery services for a single meal box producer in one district of Warsaw. Today, it is the unchallenged leader in providing highly specialized cold chain logistics services for Poland’s ready-to-eat meal producers. The company serves more than 4,600 cities and towns across the entire country. It maintains the highest standard of service and an exceptionally effective delivery chain thanks to unrivaled know-how and logistics processes (with a proprietary IT platform) that are tailored to this market.

Size and nationwide reach allow Goodspeed to reap the benefits of scale. This, and the fact that a company wanting to deliver ready-to-eat meals must have a dedicated logistics chain, gives Goodspeed’s business model several competitive advantages and makes it to hard replicate. The financial results confirm the company’s market leadership: 2022 revenues reached EUR 18 million, while this year’s target exceeds EUR 27 million. 

“Goodspeed does what is hardest in logistics – last-mile temperature control,” said EI partner Michał Kędzia, who is responsible for this investment. “The company’s unique know-how enabling door-to-door delivery, and the growing role of direct sales in the food industry, create potential for expansion into new product categories. Since Goodspeed operates an extensive last-mile delivery network under temperature-controlled conditions, it can add a broad range of other services to its offer for end customers,” he added.  

Sylwester Rypina, Goodspeed’s founder and CEO, summed up the development potential as follows: “Working with our new business partner, we plan to move the company’s dynamic development up another gear. We see we can expand our competencies by adding new solutions for our customers. Moreover, since we work with many ready-to-eat meal producers and serve a considerable part of this market, we believe we can use our lead position to offer those customers additional specialist services. For years we have been honing the very demanding logistics process for the catering industry. We allocate tens of thousands of meals every evening to production companies all over Poland and deliver them to consumers’ front doors within a few hours, maintaining full control over the cold chain logistics. We plan to develop these unique competencies in foreign markets with the support of our new partner. We also want to enter new industries and offer our existing customers other exciting and innovative solutions.” 

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds. These funds have invested and committed EUR 2.2 billion in 154 companies and exited 137 companies.

For further information please contact:

Anna Czywczyńska, Communications & Public Affairs Director 

tel.: +48 22 458 8500

www.ei.com.pl

Enterprise Investors invested in Unilink in 2018, making a capital increase to support an extensive M&A program and completing a partial buyout in return for a 38.4% stake in the business. At the time, the company was a leader in the local Polish market and was looking to strengthen its position as well as build up presence in neighboring countries. Today, Unilink is the largest insurance distribution platform in the CEE region. It has boosted its standing domestically and has also gained a strong foothold in Bulgaria, Czechia, Moldova, Romania and Slovakia. Growth has been both organic and via acquisitions, with over 60 add-ons bought since EI’s investment. During this time Unilink has not only increased its level of professionalization and digitalization but has also expanded the value chain by building two managing general agents (MGAs) in Poland and Romania that provide comprehensive services to insurance carriers. The growth of Unilink’s gross written premium by around 400% in four years is just one measure of its strong market position.

“Supporting a company’s growth is about investing in its future, which also means believing in its potential, supporting the management team and founders and being part of its journey to success,” said Enterprise Investors managing partner Dariusz Prończuk, who is responsible for this investment. “Unilink is the leading market consolidator in its market in Poland and other CEE countries. It is also one of just a few companies that have set up an MGA program in the CEE region and have full insurance capabilities. This is a good illustration of how at EI we not only support companies in their growth but also identify unique opportunities that can bring added value and contribute to their long-term success,” he concluded. 

Igor Rusinowski, CEO of Unilink, commented: “Our five years with EI are a win-win. We have transformed Unilink from insurance distribution market leader in Poland to the largest player in CEE, spearheading the segment in six countries and operating through all distribution channels. With EI’s support we have achieved remarkable growth and built a solid position for the future. We believe the Acrisure partnership will help us become part of the largest insurance distribution platform in Europe, which is our next goal and long-term ambition. We share the same values and business DNA, with a very strong focus on entrepreneurship, M&As and delivering excellence. Our team are extremely excited to become Acrisure shareholders and to continue our expansion as part of this global player while leveraging its capabilities and technology in our markets.” 

Acrisure is a fintech that operates a top-ten global insurance brokerage. The company combines human and high tech to deliver a broad array of products including insurance, reinsurance, cyber services and more. In the last nine years, Acrisure has grown in revenue from USD 38 million to nearly USD 4 billion and today employs more than 14,000 colleagues in 21 countries.  

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds. EI funds have invested and committed EUR 2.2 billion in 153 investments and exited 137 companies.

For further information please contact:

Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl

Anwim was founded in 1992 and initially it dealt solely with fuel wholesale. In 2009 the company launched retail operations and created an independent nationwide chain of petrol stations. Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors, acquired a significant minority stake in Anwim in 2018. At the time the company had just over 180 fuel stations and EUR 730 million in annual revenues. Two years later – in 2020 – the fund increased its stake to majority position. Today Anwim, which operates over 400 service stations, is jointly owned by PEF VIII and minority shareholders, among whom are the company founders. Revenues last year approached EUR 2.8 billion. 

MOYA is the largest independent chain of filling stations and the network is growing rapidly. MOYA stations are present in all Poland’s voivodeships, with outlets along the main transit routes and local roads as well as in towns and cities. In addition to fuel sales, the chain’s broad offer includes well-stocked convenience stores, Caffe MOYA outlets with food on the go, as well as other services. MOYA has also been growing quickly in the fleet segment, which was boosted by the company’s expansion into the international fleet card market in 2022 when it acquired The Fuel Company, TFC fleet card’s Dutch operator. 

Enterprise Investorsis one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds. EI funds have invested and committed EUR 2.2 billion in 153 investments and exited 136 companies.

For further information please contact:

Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl

Renters.pl was founded in 2018 by two couples, Marta and Kamil Krzyżanowski and Aniela and Sebastian Hejnowski. The company started off as an operator of 15 holiday apartments in Świnoujście, north-west Poland. Within just a few years, it has become one of the largest players in this market and the country’s fastest-growing short-term rental property manager. In 2019 Renters.pl acquired Little Home, a company owned by Wojciech Maniecki, and it now operates over 2,000 rental apartments. Enterprise Investors will buy both the Hejnowskis’ and Wojciech Maniecki’s stakes, as well as shares owned by bValue fund, while retaining the current CEO Kamil Krzyżanowski at the helm. The funds raised in the transaction will be deployed for further growth and acquisitions.

Renters.pl operates in the very attractive and fast-growing short-term rental management market. It has a highly scalable and cash-generative business model that benefits from the organization’s growing size. The company’s customers are private and institutional property owners seeking comprehensive short-term property management and high rates of return on their investment. In addition to marketing and demand generation, Renters.pl offers homeowners dynamic pricing, management of both bookings and guests, cleaning, maintenance, interior design and professional photo services. The company employs over 110 people and in 2022 generated gross bookings value of nearly EUR 27 million.

“Having recorded growth during the pandemic, Renters.pl has demonstrated it can successfully scale up its property portfolio even under the most challenging conditions. The Polish market is still very fragmented, so for businesses operating in this segment to remain competitive they have to employ increasingly complex technology and have the appropriate resources as well as funding to maintain high-quality services. This creates natural entry barriers for newcomers and a good environment for consolidation,” said Enterprise Investors partner Dariusz Prończuk, who is in charge of this investment. “Renters.pl is an excellent platform for consolidating this sector both in Poland and across the region,” he added.

”The management team has the market expertise and drive needed to continue building Renters.pl’s property portfolio and to pursue consolidation projects. We are proud that the Enterprise Investors team recognized our experience and further growth potential. Our plan is to become the largest short-term rental manager in Poland and, when the time is right, we may even look for expansion opportunities further afield,” said Kamil Krzyżanowski, co-founder and CEO of Renters.pl.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds. EI funds have invested and committed EUR 2.2 billion in 153 investments and exited 136 companies.

For further information please contact:
Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl

BISAR specializes in process outsourcing services. It was founded in 2015 and very quickly expanded by taking on large corporate accounts. Over time, the company built an impressive portfolio of reputable clients from various industries including retail, logistics and food processing. BISAR’s dynamic growth was spurred by macroeconomic trends – very low unemployment rates, a shortage of workers in almost all sectors of the economy and an aging population. As these trends are pan-European, BISAR has already started geographic expansion: the company entered Romania earlier this year and plans to move into new geographies in the CEE region.

BISAR is committed to ensuring its employees receive professional training, which greatly increases the quality of services provided by the company. Its operational excellence, ability to quickly adjust to customer needs and high standards are greatly valued by the company’s business partners. BISAR will reach EUR 70 million in revenues in 2022 and plans to grow dynamically in the future on the back of prevailing macroeconomic trends.

“BISAR provides essential services that respond to the increasing workforce shortages caused by demographic changes. Unemployment levels are low and are likely to stay that way even during the economic downturn. I am convinced that together with the founders we will be able to mitigate the growing imbalance on the labor market in Poland and the region,” said Sebastian Król, a partner at Enterprise Investors who is responsible for this transaction.

Commenting on the deal, BISAR’s management board member Robert Abramek said “We strongly believe that together with our partners at Enterprise Investors we can take BISAR to the next level. This new partnership will accelerate implementation of technological solutions that we have already planned. Given the company’s strategic positioning and outstanding prospects, we plan to expand not only our existing accounts but also new ones outside of Poland.”

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds. EI funds have invested and committed EUR 2.2 billion in 152 investments and exited 136 companies.

For further information please contact:
Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl

Enterprise Investors acquired Noriel in 2016 for an undisclosed amount. At the time, it was a family-owned company backed by a financial investor. It operated a network of 47 shops. As part of the deal, EI provided Noriel with EUR 2 million in funding to boost its growth.

Today, the company is a robust omnichannel business with 88 modern stores located all across Romania. Noriel is a top brand on the Romanian toy market – a one-stop-shop for kids and their parents. The company offers the broadest assortment of toys, games and other baby products in the country. Its fast-growing, scalable e-store with an even broader product offering and highly efficient fulfillment function is a perfect platform for entering new markets, as evidenced by the company’s recent expansion to Bulgaria. Noriel’s modern CRM and loyalty systems put it at an advantage over local competitors. The company’s solid sales growth confirms its strong position: in 2022 Noriel is expected reach revenues of RON 312 million, its highest result to date.

“We are proud to be part of Noriel’s journey toward market-leading retail and e-commerce formats that provide the best shopping experience. Today, this is the only player in Romania to offer a true omnichannel service that maximizes online and offline synergies,” said Dariusz Pietrzak, a vice president at Enterprise Investors, who is responsible for the investment. “A shift in preferences toward innovative, entertaining and educational products will further benefit Noriel thanks to the company’s strong product development and sourcing capabilities,” he added.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion. These funds have invested EUR 2.2 billion in 151 companies across a range of sectors and exited 136 companies with total gross proceeds of EUR 4.2 billion. Noriel was EI’s seventh investment in Romania. The firm continues to actively pursue new deal opportunities on the Romanian market across a broad range of sectors.

For further information please contact:
Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl

Lonia Trgovina is a chain of 300 grocery retail stores operating in continental Croatia. Seventy-five of its shops are in the Zagreb metropolitan area, where Studenac has only a handful of stores. The acquisition will complement Studenac’s geographic coverage and will transform the company into a fully fledged nationwide player with the highest number of stores.

Enterprise Investors acquired Studenac in August 2018. At the time, the chain numbered over 380 shops located predominantly on the Croatian coastline and islands, with a hub in Dalmatia. Studenac subsequently integrated five large add-ons – Istarski Supermarketi and Sonik in 2019, Bure in 2021 and Pemo and Lonia in 2022 – as well as several smaller targets with fewer stores. The acquisitions, jointly valued at over EUR 120 million, added 595 shops to the chain. The company has also been growing organically and is on track to complete 100 store openings in 2022. After taking over Lonia, the Studenac chain will have more than 1,050 shops and countrywide coverage. The company’s dominant position is reflected in its strong financial results – the merged company is set to generate revenues in excess of EUR 500 million in 2022.

“I am extremely proud of the results of the hard work my team and I have put into this project. When we took over Studenac in 2018 we had an ambitious plan to become the number one player in Croatia. It took us three years to become by far the largest proximity supermarket chain in the region. We are no longer the brand of choice only for tourists visiting the Adriatic riviera but also for the many Croatians who do their quick daily shopping under the Studenac brand,” said Michał Seńczuk, Studenac’s CEO.

“We have injected over EUR 260 million into Croatia’s grocery retail and plan to continue investing in this sector. We are delighted with the results attained by Michał Seńczuk and his team and are convinced the company will keep growing in the years to come,” added Enterprise Investors partner Michał Kędzia, who is leading this investment. “The change we brought to Studenac is both quantitative and qualitative. Today, a Studenac store is a place where you can conveniently do your quick daily shopping, enjoy a coffee and snack on-the-go, collect deliveries and pay utility bills. Studenac is clearly raising the quality of proximity shopping to the next level,” he concluded.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion. These funds have invested EUR 2.2 billion in 151 companies across a range of sectors and exited 135 companies with total gross proceeds of EUR 4.2 billion.

For further information please contact:
Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl

Ekoenergetyka is a Polish technology company offering unique solutions for the global market. Its main activity is the design and production of charging infrastructure for electric vehicles used in public and commercial transport, as well as private cars. The electromobility sector has grown rapidly in recent years, propelled by technological developments and more environmentally conscious customer choices. A stable, widely available and, above all, technologically advanced charging infrastructure is needed to keep up this growth momentum and meet the market’s present and future requirements. Ekoenergetyka is one of just a few players in the world offering such solutions.

Established by Mr. Bartosz Kubik and Mr. Maciej Wojeński in 2009, Ekoenergetyka grew out of an academic research project. Today, the company is a leading provider of advanced high-power charging solutions and has the potential to go global. Its products and services have been implemented in the largest European cities, including in Barcelona, Berlin, Hamburg, Munich, Paris and Warsaw. Thanks to its continually expanding R&D capabilities, superior research facilities and first-class production equipment, Ekoenergetyka is the technological leader in the field and successfully competes with international peers. Product development – from R&D through design and construction to sales and marketing – is carried out in-house. Ekoenergetyka also offers a broad range of maintenance and after-sales services that include 24/7 monitoring of charging stations and remote customer support in Polish, English and German. The company is led by a young management team with the right mix of vision, expertise and motivation to execute their ambitious expansion plan.

“We strongly believe in the electromobility sector’s dynamic growth and are very impressed by Ekoenergetyka’s innovation and technological sophistication as well as by how the company is commercializing its solutions,” said EI partner Sebastian Król, who is in charge of the deal. “The company’s unique experience and flexibility as well as the high quality of its products are appreciated by the most demanding customers in Poland and abroad. Ekoenergetyka’s solutions have been selected and implemented by the largest public transport operators in Poland and Europe, as well as by the major charging and fuel distribution networks. Thus the company is helping shape the development of this extremely fast-growing young market. This is an advantage we plan to use to reinforce Ekoenergetyka’s leading position,” he added.

“We decided to team up with Enterprise Investors to benefit from their experience in developing young entrepreneurial companies that are in a rapid growth phase. Ekoenergetyka is planning swift expansion, primarily in foreign markets. For this next step in our company’s development we sought a strong financial partner that would support us with both capital and experience. Now we can focus on becoming the number one player in the market,” said Bartosz Kubik, Ekoenergetyka’s co-founder.

“With Enterprise Investors’ support we intend to continue growing dynamically and developing our technological, production and organizational potential even faster, to build the best solutions for the zero-emissions transport of the future. Customer satisfaction at every stage is our priority, so I am pleased we have a partner with whom we will achieve our most ambitious goals in terms of production, service and maintaining our systems at peak efficiency,” added Maciej Wojeński, co-founder of Ekoenergetyka.

Enterprise Investors was supported on the legal side by DLA Piper Giziński, Kycia sp. j.; Ekoenergetyka-Polska and its founders were represented by the law firm Rubicon Kancelaria Radców Prawnych i Adwokatów Barbara Łągiewka sp. k.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion. These funds have invested EUR 2.2 billion in 151 companies across a range of sectors and exited 135 companies with total gross proceeds of EUR 4.2 billion.

For further information please contact:
Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl
Konrad Mielewczyk, Marketing and PR Manager
contact@ekoenergetyka.com.pl
tel.: +48 68 328 2068
www.ekoenergetyka.com.pl

FinGO is an innovative financial services intermediary with a multi-channel distribution platform. The company sells mortgages and life insurance primarily, but also investments, pension savings and non-life insurance. It was founded in Slovakia in 2017 with the aim of building a technology-based ecosystem. The idea was to connect all the major financial institutions (e.g. banks, insurance providers and savings companies) with end customers, thus optimizing their choices. Thanks to FinGO’s unique business model users can compare complex products online, gain a better overview of what is available on the market and make more informed decisions. After running an initial analysis through the online platform they are served by one of FinGOo’s more than 1,000 exclusive agents, who can usually offer them an even better deal. FinGO gives its network of agents the best combination of commissions and product selection, comprehensive CRM system and back-office functions as well as extensive product and marketing support.

Thanks to its unique online lead-sharing platform and rapidly growing network of agents, FinGO is now the fastest-growing financial intermediary in Slovakia. This year the company expanded into Czechia, where it aims to replicate its successful business model. FinGO’s sound market position is reflected in its strong financial results – in 2021 the company plans to top EUR 23 million in revenues.

“We are convinced that the market of third-party financial product intermediation in Slovakia and Czechia will grow steadily in the coming years. FinGO was the first player to address the growing needs of customers looking to compare complex and high-value financial products online. Our plan is to build on this innovation and tap prevailing trends. We want to grow the business both organically and through acquisitions,” said EI managing partner Dariusz Prończuk, who is responsible for this investment.

“FinGO provides a very complex service. The company helps customers find optimal solutions at reasonable prices that would not be available to them without such intermediation. Through its marketplace FinGO also provides agents with new customer leads and other useful tools – not available elsewhere – that make their work more efficient,” added Martin Chocholáček, a vice president at Enterprise Investors who is responsible for the firm’s activity in Slovakia.

“I highly value the Enterprise Investors team’s trust and their appreciation of FinGO’s unique concept. Thanks to their investment, we can not only start building a major player in the Czech market but also develop and expand the largest digital broker in Slovakia. With this strong partnership we will continue our journey of digitizing financial intermediation to build the broker of the future. EI’s extensive experience, not just in the financial sector, will certainly be a valuable asset for FinGO,” said Lukáš Novák, the company’s founder and chairman.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion. These funds have invested EUR 2.1 billion in 150 companies across a range of sectors and exited 135 companies with total gross proceeds of EUR 4.2 billion.

For further information please contact:
Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl

Focus Garden was established in 2007 and was initially engaged solely in the import and distribution of garden furniture. Over time, the company developed an e-store in line with the prevailing retail trends. Today, focusgarden.pl is one of Poland’s largest specialist retailers focused on outdoor living. Its offer includes a wide selection of garden and patio furniture as well as other outdoor accessories, most of which – thanks to the company’s well-organized purchasing and logistics department – are available immediately.

Focus Garden operates in a very promising specialty retail niche in which it already holds a leading position. This is reflected in its good financial results – in 2021, the company’s revenues will exceed EUR 13 million.

“The funds we manage have invested over EUR 350 million in 17 companies operating in the retail sector, including e-commerce. We intend to use this extensive experience to support the further development of Focus Garden,” said Bartosz Kwiatkowski, a partner at Enterprise Investors who is responsible for this investment.

Commenting on the transaction, Sławomir Czajkowski, the founder of Focus Garden, said: “I am proud that the company I created has secured a strong investor who will help us reinforce its position in its current market and successfully enter new ones.”

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion. These funds have invested EUR 2.1 billion in 149 companies across a range of sectors and exited 135 companies with total gross proceeds of EUR 4.2 billion.

For further information please contact:
Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl