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

With a network of 47 stores in 27 cities and a strong online platform, Noriel is the leader on the toys retail market in Romania. The company was founded by the Constantinescu family in 1995 as an importer and distributor of toys and games. In 1999 the company created Toys and Games, its own production division manufacturing cardboard games and puzzles. Noriel continued its development by entering the retail business in 2010 with support from financial investor Balkan Accession Fund, and created a network of specialized stores selling toys and games. Noriel soon became the most important distribution channel in Romania for the company’s own branded products and for many international brands. In 2015, Noriel’s sales grew by 26% to approximately EUR 30 million.

“The performance achieved by Noriel over the years is impressive, and Enterprise Investors can promote this heritage while creating new opportunities for Noriel in the years to come,” said Jacek Woźniak, a partner at Enterprise Investors who is responsible for this investment. “Our goal is to make every visit to Noriel an exciting experience that leaves kids and families with great memories.”

Commenting on the transaction and future plans, Șerban Roman, EI’s country director in Romania, said: “Once the transaction is finalized, we intend to replicate our successful experience with Profi. We will strengthen the management team with industry experts and we will support the further rollout of Noriel stores throughout the country in order to double the number of shops in the coming years.”

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. In Romania, Enterprise Investors has had a continuous presence since 2000. The capital invested in Romanian companies including this investment is close to EUR 200 million.

For further information please contact:

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

Polski Bank Komórek Macierzystych, which operates under the Famicord Group brand, is a stem cell bank with a dominant position in EU and Turkey. In the last five years PBKM has doubled its share in the European market, which makes it the fastest-growing large player in Europe. The company was established 2002 as Poland’s second cord blood bank. It currently holds around 122,000 cells and tissue samples. In 2014 Polski Bank Komórek Macierzystych started producing advanced therapy medicinal products (ATMPs), providing third-party stem-cell-based ATMPs for experimental therapies. In 2015 PBKM recorded revenues of EUR 24.5 million, EBITDA of EUR 6.4 million and EUR 4.2 million of net profit. In November 2009 Enterprise Venture Fund I became the company’s majority shareholder when it acquired 50.1% of PBKM’s shares for EUR 4.4 million. Prior to the IPO, EVF held a 55% stake in the company

“Polski Bank Komórek Macierzystych offers a comprehensive range of services from collection to application in therapies,” said Rafał Bator, the Enterprise Investors partner who is responsible for this transaction. “Market penetration of these services in Europe is still significantly lower than in USA and developed Asian countries, where it reaches 20%. Therefore both the industry and PBKM are poised for further dynamic growth. The good results of the IPO are proof of this global trend.”

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 135 companies across a range of sectors and exited 111 companies with total gross proceeds of EUR 2.3 billion.

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 135 companies across a range of sectors and exited 110 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

The transaction is the first IPO on the Prague Stock Exchange of a company from EI’s portfolio, and the 31st IPO overall. This flotation introduces Kofola to Czech investors and improves the company’s access to the capital markets through a dual listing in Prague and Warsaw – the first such case for a PE fund dedicated to the Central and Eastern European region.

PEF VI invested in Kofola in 2008. Today the company is one of the leading soft drinks producers and distributors in Central and Eastern Europe. It is no. 1 player in Slovakia, a strong no. 2 in the Czech Republic and no. 3 in the cola segment of the carbonated soft drinks market in Poland. In 2015 the company acquired Radenska, the leading mineral water producer in Slovenia. The takeover of a 40% share in Slovak water producer Water Holding is pending approval from the antimonopoly office.

Kofola has a proven track record in steadily gaining market share both in retail and Horeca. Between 2011 and 2014 the company grew its adjusted EBITDA at an 8.4% CAGR, with a 2.2% revenue CAGR, despite high sugar prices in 2012–13. This year the company announced 34% adjusted EBITDA growth for the first nine months of 2015.

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 135 companies across a range of sectors and exited 110 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

SMT Software Services is an innovative software house from Poland specializing in development of tailor-made software solutions, as well as staff augmentation services for domestic and international clients. Its customer base consists of renowned companies operating on financial services, TMT, consulting and retail markets. The company was established in 2002 and today its nearly 700 specialists operate through 7 offices in Poland. In addition the company has subsidiaries in Germany and UK.

BLStream designs and builds premium software solutions for blue-chip clients. It focuses on mobile technologies and its portfolio is dominated by companies operating in automotive, retail, telecom, media and technology sectors. It is headquartered in Munich and has regional offices in Finland, UK and USA. It employs 350 IT and UX specialists, who work in five development centers in Poland and Germany. BLStream was founded in 1999 and in 2012 Enterprise Venture Fund I, the venture capital fund managed by Enterprise Investors, invested in the company’s expansion.

With nearly EUR 50 million in revenue and more than 1.000 IT specialists by the end of 2015, the merged entity will become the software solution leader in Poland. “SMT Software Services and BLStream are compatible in terms of main export geographies, have perfect fit across customer base and together they can offer a broad and complex portfolio of design and software development services,” said Rafał Bator, the partner at Enterprise Investors who is in charge of this investment. “By acquiring SMT Software Services and merging it with our existing portfolio company we aim to create the largest Polish player, with organizational critical mass necessary for further expansion. We expect to double the number of specialists in the next four years. The merged entity will have credibility to acquire large contracts internationally. The company will also have a larger base of interesting, cross-border projects to attract and retain the best people, which I believe is a key to success,” he added.

“SMT SA, the current owner of SMT Software Services, is implementing its announced strategy of focusing on the global development of iAlbatros, a company operating in the business travel segment. We are realizing this objective step by step and aim to exit our non-core investments by the end of the year. The sale of SMT Software Services initiates this process,” said Konrad Pankiewicz, president of the management board of SMT SA. “I am confident that Enterprise Investors will ensure this company’s dynamic development as part of their business ecosystem,” Pankiewicz added.

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 over EUR 1.6 billion
in 135 companies across a range of sectors and exited 108 companies with total gross proceeds of EUR 2.2 billion.

For further information please contact:

Enterprise Investors:
Rafał Bator, Partner
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500

SMT SA:
Alicja Szymkiewicz, IR & PR Manager
tel.: +48 22 380 4757
kom.: +48 669 219 579
www.smtsa.pl

3S SA builds fiber-optic infrastructure and provides a wide range of telecommunications services to business customers, including telecom operators. Its offer includes fiber leasing, data transmission, internet access services and telephone connectivity. 3S has a 2,700 km fiber-optic network in southern Poland and uses a 2,200 m2 data center in Katowice that is developed and managed by its subsidiary. The combination of a modern, technologically homogeneous network covering most of Upper Silesia with a high-end data center gives the company a competitive edge in the region and an important position nationally. Owing to the high quality of its services the company has succeeded in building a database of more than 1,300 business customers. 3S SA also has a 50% stake in a company that has created an interactive cable television and services for ISPs.

3S has been present on the market for 13 years. The company was founded by Wojciech Apel, Zbigniew Szkaradnik and Jacek Groyecki with the support of a financial investor, PCC SE. PCC, which operates in the chemical and logistics sectors, intends to dispose of its non-core assets. PEF VII is to acquire PCC’s entire stake; it will also purchase a partial stake from the company’s founders, who are to retain a significant minority position.

“3S operates in the B2B sector, which is the most attractive and the fastest growing segment of Poland’s telecommunications market. The company’s business model has already proven successful, as indicated by the dynamic development of all its business divisions and its sound financial results,” said Rafał Bator, a partner at Enterprise Investors, who is  in charge of this investment. “The key to the deal’s success is a very competent management team that includes 3S’s founders. This team will continue to work with us to increase the company’s value throughout the investment period,” he added.

Commenting on the transaction and future plans, the company’s CEO Wojciech Apel said: “Thanks to 3S’s sound financial standing and Enterprise Investors backing, the company will continue its dynamic growth focused primarily on organic expansion. We will concentrate on developing our fiber-optic network and strengthening our position on the data center market. We also like the idea of consolidating smaller market players as part of our growth strategy.”

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 1.6 billion in 134 companies across a range of sectors and exited 108 companies with total gross proceeds of EUR 2.2 billion.

PCC is an internationally active group of companies under the leadership of PCC SE (formerly PCC AG) based in Duisburg, Germany. Group sales generated in the three divisions – Chemicals, Energy and Logistics – have increased from just under EUR 60 million in 1994, our first financial year, to around EUR 648 million in 2014. PCC today employs more than 2,800 people at 38 sites in 17 countries.

For further information please contact:

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

Grupa 3S:
Agnieszka Włoszczyna, PR Manager
tel.: +48 785 909 765 or +48 32 428 83 18
a.wloszczyna@3s.pl

Gamet SA is a leader on the Polish market of decorative furniture accessories. The company’s product range includes cabinet handles and pulls, wall hooks, furniture feet, door handles and drawer runners. Gamet is a well-recognized brand on many European markets. Its sales revenue in 2014 exceeded PLN 110 million (EUR 27.5 million). The company is headquartered in Toruń and has a workforce of more than 580 employees.

Stalmot & Wolmet SA is a furniture hardware manufacturer with more than 40 years’ experience in this sector. The company collaborates with leading domestic and international furniture producers and sells its products in 33 countries globally.

Enterprise Investors is one of the largest private equity and venture capital firms in Central and Eastern Europe. Active since 1990, EI has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.6 billion in 133 companies across a range of sectors and exited 108 companies with total gross proceeds of EUR 2.2 billion.

For further information please contact:

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

PEF VI acquired NordGlass in 2007 in a proprietary transaction from the company founders. Since then, thanks to Enterprise Investors’ backing, the company underwent extensive modernization. Following investment in major capacity expansion and broadening of its product range NordGlass became one of the successful players on the European aftermarket. In 2014 NordGlass sold approx. 1.3 million windshields and generated EUR 78 million in revenues. The company employs more than 1,100 people in Europe.

“When we invested in NordGlass our goal was to facilitate the company’s seamless transition to the next stage of development. During our investment period, the company has grown from a privately held, medium-sized enterprise into a company with the European footprint. This significant transformation caught the eye of a global market participant that decided to further expand its operations in Europe,” said Jacek Woźniak, partner at Enterprise Investors, who is responsible for this transaction. “We believe NordGlass is well equipped to continue its successful development beyond our investment horizon,” he added.

AGC Automotive Europe, based in Louvain-la-Neuve (Belgium), is a member of AGC Glass Europe, which in turn is the European branch of AGC Group. The AGC Group, with Tokyo-based Asahi Glass Co., Ltd. at its core, is one of world’s major suppliers of flat, automotive and display glass, chemicals and other high-tech materials and components. AGC Automotive Europe specializes in production of windows (OEM and replacement) for vehicle manufacturer. For more information about AGC go to: www.agc-automotive.com (OEM), www.agc-arg.eu (ARG), www.agc-glass.eu (corporate site) or www.yourglass.com (glass for the construction industry).

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 1.6 billion in 133 companies across a range of sectors and exited 107 companies with total gross proceeds of almost EUR 2.2 billion.

For further information please contact:

Jacek Woźniak, Partner
Anna Czywczyńska, Public Relations Consultant
tel.: +48 22 458 8500
www.ei.com.pl

Michał Kędzia joined the company as an analyst in 2007 and became vice president in 2012. During his time at Enterprise Investors he was involved in a number of projects focusing on FMCG, financial services and healthcare sectors. Michał sits on three portfolio company boards: Dino (Polish supermarket chain), X-Trade Brokers (brokerage house) and Nu-Med Group (oncology clinics). He also oversees EI’s activities in Slovenia and Croatia.

Prior to joining Enterprise Investors Michał Kędzia was an associate for two and a half years with EY’s Mergers & Acquisition team in Warsaw. He holds an MSc in Finance and Banking from the University of Łódź in Poland and a Master’s degree in International Relations from the same university.

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 1.6 billion in 133 companies across a range of sectors and exited 106 companies with total gross proceeds of almost EUR 2.2 billion.

For further information please contact:
Enterprise Investors:
Anna Czywczyńska, Public Relations Consultant
tel.: +48 22 458 8500