Eastbridge and Penta Exercise Joint Control over Empik Media & Fashion (CEE and CIS)
Source: Empik Media & Fashion
Penta Investments, a Central and Eastern Europe-focused private equity and real estate investor based in the Czech Republic, has acquired a 19.5 percent stake in Polish retailer Empik Media & Fashion (EM&F) from Eastbridge Capital, a Luxembourg-based investment fund. Penta now holds 33.5 percent of the company, with Eastbridge retaining roughly 41 percent. With a combined voting share of 75.2 percent, the two investment firms will jointly exercise control over EM&F, which sells media and entertainment products, apparel, children’s toys, cosmetics and language programs across the region. Financial terms of the deal were not disclosed.