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

AVG Technologies is a leading provider of software and online services to approximately 187 million active users worldwide.
The company’s software solutions range from desktop, laptop and mobile security software to dynamic secure internet search solutions. AVG offers a product portfolio that targets the consumer and small business markets. AVG’s business model drives scalable growth, robust operating margins and strong cash flow generation, as proven by the company’s strong financial standing. In 2013 AVG achieved more than USD 407 million in revenue, a 14% increase on the USD 356 million generated in 2012. Net income for fiscal year 2013 was USD 63.7 million.

PEF V invested in AVG (then Grisoft) in September 2005. After the acquisition a new management was introduced, with aim to facilitate transformation from a regional player into a global market leader. The investment also enabled the company to develop new competences and products through add-on acquisitions. In October 2009 the fund sold a minority stake to TA Associates, an American private equity firm. AVG Technologies grew dynamically and in February 2012 completed an IPO on the New York Stock Exchange, at which point PEF V conducted another partial exit. Since EI’s investment the company reported a 7.5x increase in number of users. The market cap of the company increased 11.5x to USD 919 million.

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 132 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, PR Consultant
tel.: +48 22 458 8500

The funds will primarily be used for the construction of a modern radiotherapy center for cancer patients in Tomaszów Mazowiecki. The facility is being built as a joint project with Tomaszów Health Center, a hospital owned by the local authority. The center will treat its first patients in the fourth quarter of 2014.

The remaining funds will be used to finance the operations of a state-of-the-art radiotherapy center that opened in January 2014 at the University Centre for Ophthalmology and Oncology (part of Independent Public Clinical Hospital No. 5 of the Silesian Medical University in Katowice). This center, which is equipped with three modern linear accelerators and a range of diagnostic equipment, treats patients despite not having a contract with the National Health Fund and therefore not receiving payment for these services. Enterprise Investors has nonetheless undertaken to finance the center’s activities this year.

At the same time, Enterprise Investors and Nu-Med Group (www.nu-med.pl), in which EI was a minority shareholder, merged their radiotherapy enterprises. The combined entity will operate under the name Nu-Med Group SA and will manage three radiotherapy centers – in Elbląg (formerly Nu-Med Center), Katowice and Tomaszów. Polish Enterprise Fund VII will hold 68% of shares, while the majority shareholders of Nu-Med Group will own the remaining 32%. Nu-Med Group will be led by Henryk Niewadzioł, founder and CEO of Nu-Med Group.

“Our investment decisions are rooted in our conviction that the Polish radiotherapy market requires considerable investment in order for this crucial form of cancer therapy to approach European standards,” said Michał Kędzia, a vice president at Enterprise Investors, who is responsible for the firm’s investment in radiotherapy centers. “We are also pleased that we can fully integrate our activities in the field of radiotherapy with Nu-Med Group, which runs the exemplary radiotherapy center in Elbląg,” he added.

“We believe that the upcoming reform of cancer care in Poland will unlock funding for oncological treatment and will lead to money for treatment going to treatment centers located as close as possible to where the patients live, in line with international trends,” said Henryk Niewadzioł, CEO of Nu-Med Group. He concluded: “The three centers we currently run in no way exhaust our ambitions and capacity.”

Enterprise Investors is the oldest and one of the largest private equity and venture capital firms in Poland and 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 132 companies across a range of sectors and exited 104 companies with total gross proceeds of EUR 2.1 billion.

For further information please contact:

Enterprise Investors:
Michał Kędzia, Vice President
Anna Czywczyńska, PR Consultant
tel.: +48 22 458 8500

Nu-Med Grupa SA:
Henryk Niewadzioł, CEO
tel.: +48 55 235 8937