Enterprise Investors Partially Exits Skarbiec (CEE and CIS)

Source: Unquote.com | Author(s): Alice Murray

Enterprise Investors, a Central and Eastern Europe-focused private equity firm, has partially exited Poland-based asset management business Skarbiec through an IPO on the Warsaw Stock Exchange. The transaction generated proceeds of EUR10.2 million (approximately US$12.7 million), with Enterprise Investors listing a 20 percent stake of the company and retaining a 75 percent holding. Enterprise Investors originally invested EUR40 million (approximately US$50 million) in the company in 2007 through its Polish Enterprise Fund V.