Danwood, headquartered in Białystok and with two production plants in Bielsk Podlaski, designs and builds ready-to-move-in houses for individual customers. In December 2013, EI acquired the company in a carve-out transaction from Budimex SA.
In the year of the investment Danwood delivered 685 houses, generating revenue of EUR 99 million. By the end of 2019, the company’s production capacity reached 2,000 houses and revenues exceeded EUR 274 million.

Between 2014 and 2019, Danwood invested over EUR 27 million in expanding its production capacities. The workforce more than doubled in this period, numbering more than 2,000 employees by the end of 2019. The company operates in five European countries, including Germany, where for the last four years it has been the top player in its market. With its comprehensive portfolio and value-for-money solutions Danwood is a one-stop shop for prospective homeowners looking to buy a turnkey house in the mid-range segment – the most attractive part of the market in terms of size and growth dynamics. Thanks to its best-in-class production facilities, construction site teams, engineering staff and architects, Danwood will continue to grow on the back of the prevailing market trends.

“It was a real pleasure to work with Danwood’s management team led by Jarosław Jurak” said Sebastian Król, the partner at EI responsible for this investment. “Together we have built a company that not only surpassed the market in terms of growth, but tripled production capacity, developed a unique and effective approach to sales and achieved operational excellence that will fuel this growth in years to come,” he added.

Commenting on the transaction, Jarosław Jurak, president and CEO of Danwood, said: “We strongly believe that under the new ownership Danwood has the potential to further strengthen its market position in Europe and reach for new markets outside the EU, becoming a global leader in the production of energy-efficient prefabricated houses.”

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 almost EUR 2 billion in 144 companies across a range of sectors and exited 132 companies with total gross proceeds of EUR 3.9 billion.

GS Engineering & Construction is one of the largest construction companies in South Korea, listed on the Korea Stock Exchange (006360.KS). The company is a leader in the field of Architecture & Housing, Plant, Power, and Infrastructure. It has 24 overseas subsidiaries and branches.

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

3S is the owner and operator of a 3,800km-long, best-in-class fiber-optic network connected with a geographically diversified Tier 3 data center cluster. The company operates in a rapidly growing market segment, offering tailor-made telecommunication solutions that include internally developed cloud services to more than 2,800 B2B clients in Poland. It employs over 250 people. In 2015, EI acquired a 76% stake in the company for EUR 21 million. In 2018, 3S generated EUR 20 million in revenues.

“3S is ideally positioned to benefit from the growing demand for data services and the need for high-speed networks in Poland’s metropolitan areas. The company has a strong track record of servicing B2B clients, and its experienced management team is well equipped to drive the company’s growth under the new ownership. I am convinced that 3S will make a fine addition to P4’s offering,” said Rafał Bator, the partner at Enterprise Investors responsible for this investment.

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 1.9 billion in 143 companies across a range of sectors and exited 130 companies with total gross proceeds of EUR 3.8 billion.

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

intive’s story begins in 2015 with a merger of BLStream and SMT Software Services, two companies owned by EI-managed funds. In 2012 EVF made an initial investment in BLStream’s expansion and in 2015 PEF VII acquired SMT Software Services. Between 2012 and 2015 the funds jointly invested EUR 34 million in the two companies. The creation of intive was followed by further add-on acquisitions. In 2017, the company invested in Argentinian FDV Solutions and German iNTENCE.

Today intive is a digital transformation partner for leading companies worldwide. Among its clients are Audi, Vorwerk, BlackBerry, Esprit, ING and Viacom. Operating through 15 offices and 7 design studios, and with more than 1,500 highly qualified specialists on board, intive co-creates software solutions that accelerate its customers’ digital transformation. The company adds value throughout the life cycle of each application, from design to maintenance. In 2018, intive is expected to deliver revenues of over EUR 80 million.

Mid Europa Partners is a leading buyout investor focused on the growth markets of Central and Eastern Europe. Operating from London, Budapest, Warsaw and Istanbul, the firm has raised and managed funds totaling over EUR 4.6 billion.

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 1.9 billion in 143 companies across a range of sectors and exited 129 companies with total gross proceeds of EUR 3.7 billion.

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

Anwim was founded by two entrepreneurs in 1992 and was initially focused on wholesale fuel trading. In 2009 the company launched retail operations, which currently generate half its revenues. Anwim’s chain of MOYA fuel stations comprises over 180 stations that are attractively situated in high-traffic locations nationwide and sell good quality fuel at affordable prices. Modern well-designed stores are integral to each station. The company plans to dynamically grow the chain and at least double the number of stations in the next five years. In 2017 Anwim generated over EUR 730 million in revenue from fuel wholesale and retail operations. The company currently employs 250 people.

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 1.9 billion in 143 companies across a range of sectors and exited 128 companies with total gross proceeds of EUR 3.7 billion.

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

Anwim was founded by two entrepreneurs in 1992 and was initially focused on wholesale fuel trading. In 2009 the company launched retail operations, which currently generate half its revenues. Anwim’s chain of MOYA fuel stations comprises over 180 stations that are attractively situated in high-traffic locations nationwide and sell good quality fuel at affordable prices. Modern well-designed stores are integral to each station. The company plans to dynamically grow the chain and at least double the number of stations in the next five years. In 2017 Anwim generated over EUR 730 million in revenue from fuel wholesale and retail operations. The company currently employs 250 people.

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 1.8 billion in 142 companies across a range of sectors and exited 127 companies with total gross proceeds of EUR 3.7 billion.

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

Unilink started distribution of insurance products in 2010, entering a market already occupied by sizable competitors. Today, just eight years later, it is the leading integrator in the multiagent channel in Poland. As domestic market leader and consolidator in the largest distribution channel of the retail insurance market, it benefits from the ongoing consolidation and professionalization of Poland’s insurance distribution. The company is targeting to write insurance contracts worth close to EUR 230 million this year. It works with 10,500 insurance agents, helping them sell insurance products of all the major insurance companies operating nationwide. Unilink also operates via the dealership channel.

“Unilink surpasses all its peers in terms of growth, size, operational performance, organizational development and strategic vision. The company has always been very user-oriented and focused on creating value both for its independent sales agents and for the final customers. It offers its fast-growing network of cooperating agents a strong, sophisticated platform to help them sell the products best suited to the final customers’ needs,” said Enterprise Investors managing partner Dariusz Prończuk, who is responsible for this transaction. The company’s dynamic growth was possible thanks to its very skilled and entrepreneurial management team, which has a proven track record of achieving strong organic growth, identifying, securing and executing acquisitions and introducing innovation,” he added.

Commenting on the transaction, Unilink’s CEO Igor Rusinowski said: “Unilink’s ambition is to become the largest insurance distribution company in Central and Eastern Europe. To achieve this we need a very strong financial partner with appropriate experience who will support our further growth. As the market leader in Poland, we decided to team up with Enterprise Investors, the leading and most experienced private equity firm in the CEE region. We truly believe this partnership will enhance our development thanks to EI’s solid experience in growing businesses in the financial services and distribution sectors and their track record in completing international acquisitions. No less significant is the overall credibility such a partner brings. This move gives our agents clear-cut assurance that we will continue to invest in our service model, IT systems and people. Moreover, it demonstrates to agents and insurance companies that our financial and organizational capabilities are the best in class.”

Enterprise Investors was advised in this transaction by EY Corporate Finance and Gide. The sellers were advised by TDI Corporate Finance and SSW Pragmatic Solutions.

Enterprise Investors is one of the largest private equity firms in Central, Southeastern 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 1.8 billion in 142 companies across a range of sectors and exited 127 companies with total gross proceeds of EUR 3.7 billion. Unilink is EI’s 20th investment in the financial services sector in the CEE region.

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

Studenac was founded by Mr. Josip Milavić as a family business in the early 1990s. The company started as a wholesaler, adding retail activities over time. Today food retailing is its dominant business, accounting for c. 95% of sales. At the end of 2017 Studenac operated 384 stores with an average selling space of 120 sq.m. Most of the stores are located on the coastline and islands, while the rest operate in the hinterland and in big coastal cities such as Dubrovnik and Split. In the last three years, 60 new stores have been added to the network. Revenues for 2017 topped EUR 200 million. The company currently employs over 2,600 people.

“In recent years, the food retail market in Croatia enjoyed healthy growth on the back of increasing disposable income and a rapid rise in the number of tourists. At the same time the country’s grocery retail landscape is expected to evolve toward modern trade formats. We believe that Studenac will benefit from favorable macroeconomics, a strong tourism industry and consumers’ preference for shopping close to work or home,” said Michał Kędzia, the partner at Enterprise Investors who is responsible for this investment. “During our investment horizon we plan to accelerate the development of the network, participate in market consolidation and enhance the current stores’ performance,” he added.

Enterprise Investors is one of the largest private equity firms in Central, Southeastern 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 1.8 billion in 141 companies across a range of sectors and exited 127 companies with total gross proceeds of EUR 3.7 billion.

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

PAN-PEK was established in 1992. Today it is one of the biggest producers of frozen bakery products in the Adriatic region, serving modern grocery retailers in Croatia. PAN-PEK also operates its own network of bakery outlets numbering around 50 stores, predominantly in the Zagreb area. Through its retail operations the company offers a variety of breads, baguettes and sandwiches that customers can enjoy at home or on the go. In recent years PAN-PEK introduced state-of-the-art, fully automated production lines for selected product categories, and continues to invest in modern equipment. In some categories the company has unparalleled production capacities across the Adriatic region. The main factory is in Zagreb, with a second smaller plant located in Dakovo, Eastern Croatia. In 2017 PAN-PEK generated over EUR 32 million in revenue. The company currently employs over 700 people.

“We are convinced that the bake-off market in Croatia will develop on the back of continuous growth of the modern food retail channel. Under Ivan Parać, who is an exceptionally experienced and skilled entrepreneur, PAN-PEK will strengthen its leading position in the Adriatic region,” said Michał Kędzia, the partner at Enterprise Investors who is responsible for this investment. “In addition, we believe that in the next five years we will significantly expand PAN-PEK’s retail operations,” he added.

“I am very proud that PAN-PEK will partner with Enterprise Investors, one of CEE’s biggest and most experienced private equity funds. With this support, we will significantly strengthen our position on the market, developing together with our suppliers to meet the growing expectations of our customers in both the wholesale and retail channels,” said Ivan Parać, CEO of PAN-PEK.

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 1.8 billion in 140 companies across a range of sectors and exited 126 companies with total gross proceeds of EUR 3.6 billion.

For further information please contact:
Michał Kędzia, Partner
Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.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 with total capital exceeding EUR 2.5 billion. These funds have invested EUR 1.8 billion in 140 companies across a range of sectors and exited 126 companies with total gross proceeds of EUR 3.6 billion.

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

Novaturas was established in 1999 and in 2007 Enterprise Investors acquired a 71% stake in the company, investing in its further growth. First-rate reliability and reputation, coupled with the Baltic States’ good macroeconomic position and growing consumption, have helped Novaturas become the number one market player in the region. Today the company is the leading travel operator in Lithuania, Latvia and Estonia, both in terms of sales value and passenger volumes. Novaturas offers summer and winter package holidays as well as sightseeing tours to more than 30 destinations worldwide, including the most popular holiday resorts in southern Europe as well as select locations in North Africa, the Middle East, Asia and Latin America.

The company uses diverse and complementary distribution channels – it works with over 400 travel agencies, including all the major ones in the Baltics and more than 60 in Belarus. It also operates its own stores in Lithuania, Latvia and Estonia, and is developing an e-commerce channel. In 2017, the company’s revenues increased by nearly 40% y/y to EUR 141 million. In the same period EBITDA and net profit almost doubled and reached EUR 10.6 million and EUR 8.2 million respectively. Early bookings at the end of 2017 were up by 84% compared to the same period in the preceding year.

“The Novaturas business model has proved appealing to investors. In the future, management plans to distribute up to 80% of the net profit to shareholders. This combined with positive macroeconomic trends in the region and Novaturas’s operational excellence creates a good outlook for the company’s investor base,” said Sebastian Król, the Enterprise Investors partner responsible for this investment.

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 1.8 billion in 139 companies across a range of sectors and exited 126 companies with total gross proceeds of EUR 3.6 billion.

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