Enterprise Investors exits Elemental Holding

Warsaw, 6 July 2017 — Enterprise Venture Fund I (EVF), the venture capital fund managed by Enterprise Investors, has sold its entire 9.22% stake in Elemental Holding, a regional market leader in the recycling of non-ferrous metals and electro-waste, through a secondary transaction on the Warsaw Stock Exchange (WSE).

 

  • The transaction generated gross proceeds of EUR 11.7 million.

 

In April 2013 EVF acquired a stake in Elemental Holding for EUR 7.9 million. At the time of the investment the company’s shares were listed on the NewConnect market in Warsaw. Thanks to EI’s backing, in December 2013 Elemental Holding moved its listing to the regulated WSE market. Today the company is a leading Polish group operating in the recycling and recyclable material trading industry and a top supplier of recyclable materials for metalworks and foundries all over the country. It operates through its recycling facilities in Poland, Germany, Lithuania, Turkey and Middle Eastern countries as well as a network of scrap purchasers throughout Poland. In 2016, the group generated over EUR 12 million of net profit and revenues of EUR 240 million.

 

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 124 companies with total gross proceeds of EUR 3.4 billion.

 

For further information please contact:

 

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