Enterprise Investors partially exits Skarbiec Holding
Warsaw, 7 December 2016 — Polish Enterprise Fund V (PEF V), a private equity fund managed by Enterprise Investors, has partially exited Skarbiec Holding (Skarbiec) through a secondary transaction on the Warsaw Stock Exchange (WSE).
- The transaction generated gross proceeds of EUR 12.5 million;
- PEF V sold 31% of Skarbiec and retained a 44% stake in the company.
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.
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