Enterprise Investors PE obtains EUR 340 mln for its latest fund
Warsaw-based private equity company Enterprise Investors has completed the process of raising capital for its latest fund, the fund said in a press release. Enterprise Investors Fund IX has raised EUR 340 million.
Enterprise Investors Fund IX (EIF IX) was reported to have attracted strong interest from commercial financial institutions, which provided more than 60 percent of the capital raised.
"For the first time in Enterprise Investors' 35-year history, Polish institutional and private investors have also entrusted us with their funds, confirming the country's growing confidence in the private equity asset class," EI wrote.
"The remaining capital comes from global development institutions - the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC)," it added.
EIF IX continues its proven strategy, investing in market leaders with high-growth potential in Poland and Central and Eastern Europe. The fund focuses on high-growth sectors: technology, financial services, consumer goods, business services and healthcare, retail and manufacturing. These industries are benefiting from both the growing demand in the region's domestic markets and the increasing integration of Central and Eastern Europe into the global economy.
EIF IX has already invested in six Polish companies: APS (anti-drone systems and radars), eTravel (business travel management), Expobud (modular construction), Scan Lab (digital prosthetics laboratory), Sescom (technical and technology infrastructure management) and Unity Care (ambulatory care).
It was reported that some of the new portfolio companies are already pursuing growth strategies through acquisitions, expanding into Central and Western European markets.
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