United Oilfield Services is an oilfield service company serving the onshore oil and gas industry in Poland and other European markets. In 2012 in exchange for a minority stake PEF VI provided the company with USD 28 million of equity financing.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 137 companies across a range of sectors and exited 121 companies with total gross proceeds of almost EUR 3.4 billion.

For further information please contact:
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl

Dino is a leading player on the attractive and fast-growing proximity supermarket segment in Poland. The company’s business model combines advantages of the format with fast store rollout and attractive product range, including branded and fresh products at competitive prices. PEF VI acquired a 49% stake in Dino for EUR 49.4 million in 2010, investing in the company’s dynamic growth alongside the founder and majority shareholder Tomasz Biernacki. At the time of EI’s investment the chain consisted of 97 stores. By the end of 2016 Dino’s retail network numbered 628 stores and the company employed c. 10,600 people. From 2010 to 2015 the company was the fastest-growing proximity supermarket chain in the country in terms of average annual growth in the number of stores and sales revenue. In 2016 Dino recorded PLN 3,370 million in revenues (EUR 797 million), which is a 30% year-on-year increase, and net profit of PLN 151 million (EUR 36 million) representing a 24% increase year-on-year.

“Our exit from Dino is further confirmation of EI’s successful investment track record in the food retail sector. Just in February we completed the sale of Profi Rom Food, which was the largest retail deal in Romania. Dino’s IPO sets a new record as the largest PE-backed listing in the CEE region,” said Michał Rusiecki, the Enterprise Investors partner responsible for this investment. “Both investments were extremely successful jointly generating EUR 890 million in gross proceeds at exit,” he added.

Historically EI invested in four food retail chains in Poland and Romania, of which two – Dino and Eldorado (today Emperia) – were floated on the WSE, one was sold to a strategic buyer and one to a private equity player.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 137 companies across a range of sectors and exited 121 companies with total gross proceeds of almost EUR 3.4 billion.

For further information please contact:
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl

Harper Hygienics is a Polish producer of cosmetic-hygienic skincare products. It has been listed on the Warsaw bourse since 2010. The company employs over 500 people and reported nearly PLN 155 million in revenues in the first three quarters of 2016. “Cleanic” is Harper Hygenics’ main brand, recognized by nearly 75% of its target group. The company is also involved in the production of private label brands for retail chains. Harper Hygienics’ state-of-the-art production facilities, extensive know-how and brand portfolio will strengthen iCotton’s operations in the European Union.

Enterprise Investors is one of the largest private equity and venture capital firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 137 companies across a range of sectors and exited 120 companies with total gross proceeds of almost EUR 3 billion.

For further information please contact:

Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl

The Skarbiec group is one of Poland’s leading independent asset managers. It manages 59 funds and sub-funds and has close to EUR 3.6 billion of assets under management (AuM), which makes it the fifth largest Polish fund manager. The company offers a diversified range of products – equity, mixed, bonds, money market, and dedicated funds – that give investors exposure to both domestic and international markets.

PEF V invested in Skarbiec in 2007. Since the investment Skarbiec has significantly improved its performance by expanding the distribution network, generating a fivefold increase in AuM and further strengthening its position on the dynamically growing market. The company was listed on the WSE through an IPO in November 2014.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 137 companies across a range of sectors. Enterprise Investors has exited 116 companies with total gross proceeds of EUR 2.5 billion.

For further information please contact:

Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl

Profi is a modern retail network with the widest geographical spread in Romania, having a strong presence in almost 250 cities, smaller towns and villages. In 2010 EI acquired from the founder a 100% stake in Profi for EUR 66 million and made a EUR 10 million capital increase one year later. Thanks to Enterprise Investors’ backing, the company underwent extensive modernization, restructuring and store rollout following the acquisition. Profi soon became the most dynamic retail network in Romania, with an unprecedented growth pace of over 100 new stores in the last two years. This has brought the total number of stores to date to almost 500 from 67 at the time of the acquisition. The company expects revenues of close to EUR 800 million in 2016, which will translate into top-line and EBITDA growth of above 30% annually during 2010–2016. Profi operates two store formats in urban areas, Standard and City, and recently developed Loco, a successful format for rural parts of the country. It is the first retail chain in Romania to have created a brand dedicated to rural customers and aimed at reaching regions previously unavailable to modern retail. Today Profi is one of the top employers in Romania, with nearly 11,000 employees.

Mid Europa Partners is a leading independent private equity firm focused on the growth markets of Central and South Eastern Europe. Operating from London, Budapest, Warsaw and Istanbul, Mid Europa Partners has raised and managed funds of approximately EUR 4.3 billion.

“This is the most successful transaction in the retail sector in Enterprise Investors’ history, and we are proud to have been a part of Profi’s success story. This is a great example of a company that has succeeded in transforming itself from a private business to a corporation with the support of a strong financial investor that has extensive retail experience and a very professional management team with local retail market knowledge,” said Sebastian Król, the Enterprise Investors partner responsible for this investment.

“Profi has a proven track record of gaining new customers by offering fresh products in modern proximity stores around the country. After six years of hard work, we are very happy to welcome a new partner that will help us grow further and find new development opportunities. The company is in excellent shape and has great potential to grow in the years to come, as Romania has many more areas to take modern retail to,” said Daniel Cirstea, CEO of Profi Rom Food.

Citi Group Global Markets Limited is assisting Enterprise Investors in this transaction as financial adviser, RTPR Allen & Overy is EI’s legal advisor, while PwC handled the financial and tax vendor due diligence and AT Kearney the commercial vendor due diligence.

Enterprise Investors is one of the largest private equity firms in Central and Southeastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 137 companies across a range of sectors, including EUR 320 million in 15 companies active in CEE’s retail sector. Enterprise Investors has exited 116 companies with total gross proceeds of EUR 2.5 billion. The firm has had a continuous presence in Romania since 2000 and has invested close to EUR 200 million in Romanian companies.

For further information please contact:
Sebastian Król, Partner
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl

IIC – Intersport International Corporation – is franchisor of two specialized sporting goods retailers, Intersport and The Athlete’s Foot. With a presence in 65 countries and sales of EUR 11.3 billion, it is the world’s leading sports retail group. In 1999 IIC signed an exclusive master franchise agreement with Mercator Group, Slovenia’s largest fast-moving consumer goods retail company. This paved the way for the creation of Intersport ISI as a fully owned subsidiary of Mercator Group. Today Intersport ISI is the unquestionable market leader in the sports equipment and apparel sector in the Balkan region. It operates a network of almost 110 stores in Slovenia, Croatia, Serbia, Bosnia & Herzegovina and Montenegro and employs nearly 900 people. Led by an experienced management team, the company has been delivering a solid financial performance. In 2015 it recorded EUR 81 million in revenues.

“On the back of global trends toward a healthier lifestyle, the sportswear segment across various geographies has outpaced the entire shoes and apparel market. We are convinced that it will continue to do so in the years to come. This is one of the many reasons we decided to invest in Intersport ISI and to back its strong local management team led by Mateja Jesenek,” said Michał Kędzia, Enterprise Investors partner who is responsible for this investment.

“Going forward, our business plan combines a rollout of stores across the Balkan region and dynamic e-commerce expansion. On top of that, the company has all the necessary resources to serve as a potential consolidation platform,” he added.

Commenting on the transaction, Franz Julen, CEO of IIC, stated: “With Mercator Group, Intersport launched a successful expansion into eastern Europe in 1999. We are proud of what we have achieved in this region so far. We are confident that EI and Intersport ISI will further enhance the leading role of the Intersport brand in the licensed countries as an expert sporting goods retailer with an ambitious expansion strategy.”

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 137 companies across a range of sectors and exited 115 companies with total gross proceeds of EUR 2.5 billion.

For further information please contact:
Michał Kędzia, Partner
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl

Nortal is an international business consultation and software development solutions provider. EVF acquired its shares in two transactions in July 2010 and May 2012 for a total of EUR 7.5 million, with the aim of fueling the company’s dynamic growth. Today Nortal operates in nearly 20 countries across Europe, Middle East and Africa and employs 530 specialists who carry out mission-critical social projects that have a high impact and are of the highest quality. The company is a valued employer across all home markets. In Estonia, Nortal was awarded the title of the most employee- and family-friendly company three times – in 2008, 2010 and 2014. In 2015 the company recorded approximately EUR 45 million in revenue.

“Nortal is the company of first choice in Estonia, Finland and Oman, where it built a strong position as the expert for government projects. Since our investment the company has not only grown in terms of geography but developed the expertise necessary to carry out sophisticated programs for the most demanding customers,” said Rafał Bator, partner at Enterprise Investors responsible for the transaction. “We are proud to be part of these developments,” he added.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 136 companies across a range of sectors and exited 113 companies with total gross proceeds of EUR 2.4 billion.

For further information please contact:
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl

Profi is a modern retail network with the widest geographical coverage in Romania. PEF VI acquired 100% of the company for EUR 66 million in 2009 and made a EUR 10 million follow-on investment in 2011. Since the initial transaction Profi has grown at a tremendous pace, opening 93 stores in 2015 alone and now operating a network numbering more than 400 stores. Profi adapts its offer to meet consumer demand and successfully penetrate regions previously unavailable to modern retail. In addition to the “Standard” and “City” formats that the company operates in urban areas, it recently developed the “Loco” format targeting rural parts of the country. In 2015 Profi recorded EUR 565 million in revenue and today has a workforce of close to 10,000 people.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 136 companies across a range of sectors and exited 112 companies with total gross proceeds of EUR 2.3 billion.

For further information please contact:
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl

Warsaw, 24 May 2016 — Polish Enterprise Fund VII (PEF VII), a private equity fund managed by Enterprise Investors, together with its minority co-investors (including Morgan Stanley Alternative

Scitec produces and sells a wide range of sports nutrition products, primarily under its trademark brand Scitec Nutrition, which ranks amongst the leading sports nutrition names across Europe and globally. In 2012 the company was acquired by PEF VII and a co-investor, and since then it has continually developed through significant investments into a European production base, new product launches and expansion into new markets including the USA. Today, Scitec is present in nearly 90 countries worldwide and employs over 700 people. In 2015 the company recorded approximately EUR 100 million in revenue and EUR 11 million in net profit. Scitec is vertically integrated, with an in-house research and development department and a modern, GMP-certified manufacturing facility.

Ascendis Health is a fast growing health and wellness company producing market-leading branded products for humans, animals and plants. Founded in 2008 and listed on the JSE in 2013, the group’s strategy is to continue building a synergistic portfolio of health product brands that cover the value chain from imports of raw materials, manufacturing and distribution to consumers via retail and direct selling channels. The group is increasingly focused on international expansion from its base in South Africa, completing its first offshore acquisition in 2015 with the purchase of an initial 49% stake in Spanish pharma company Farmalider. Ascendis’s brands are currently exported to more than 50 countries globally.

“Scitec’s heavily customer-focused business model delivers high quality and reliability in a market where consumers know what they want. This, along with the outstanding taste and efficacy of its products, is one of the reasons why the company has so successfully developed over the last few years,” said Robert Manz, managing partner at Enterprise Investors, who is responsible for this transaction. “The company is poised for continuous international expansion in the sports nutrition industry and we believe Ascendis is a serious and committed long-term investor that is able to support Scitec in its next phase of development,” he added.

Dr. Karsten Wellner, chief executive officer of Ascendis Health, said “Scitec Nutrition is a great brand and is well established in key global sports nutrition markets. “This acquisition complements our global strategy as it provides a platform for international expansion in the sports nutrition and wellness industry. Through the Scitec acquisition we will have the opportunity to accelerate the offshore expansion of the Ascendis sports nutrition brands, Evox and SSN, and at the same time will look to grow Scitec’s sales in South Africa,” he said.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 136 companies across a range of sectors and exited 112 companies with total gross proceeds of EUR 2.3 billion.

For further information please contact:

Robert Manz, Managing Partner
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl

XTB is an international provider of trading and investment products, services and solutions, with a particular focus on CFDs (contracts for difference). Its online trading platforms enable reliable, fast and effective trade execution in a user-friendly environment. For many years XTB has been recognized and has received numerous awards for innovation and quality of products and services offered. Founded in Poland in 2004, the company currently employs c. 400 people globally. XTB has
a leading position in the growing Central and Eastern European markets. In Western Europe it has been operating with success in Spain, Portugal, Germany and France (with 30% revenue CAGR in 2012–2015), while its Turkish operation has been the first successful, locally regulated foreign entrant into this highly attractive market. The company’s management expects that recently established operations in the free-trade zone in Uruguay will serve as a platform for expansion into the dynamically developing yet still underpenetrated Latin American markets. In 2015 XTB recorded EUR 64 million (+38.2% yoy) in revenue, and net profit of EUR 27 million (+54.3% yoy).

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 136 companies across a range of sectors and exited 111 companies with total gross proceeds of EUR 2.3 billion.

For further information please contact:

Enterprise Investors:
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500
www.ei.com.pl