Mid Europa Partners Completes Investment in Jaworzyna Krynicka (CEE and CIS)

Source: Mid Europa Partners, Private Equity International

CEE and CIS-focused buyout investor Mid Europa Partners has acquired a 75 percent stake in Poland-based ski lift operator Kolej Gondolowa Jaworzyna Krynicka from Polish financial institutions PZU and PKO BP for a reported EUR11.8 million (approximately US$15.9 million). The transaction was completed through Polskie Koleje Gorskie (PKG), an entity that is currently majority owned by Mid Europa, as an add-on to their recent acquisition of Polish mountain tourism operator Polskie Koleje Linowe (PKL). Mid Europa intends to combine PKL and Jaworzyna Krynicka under the PKG platform as part of their strategy to consolidate the mountain tourism market in Poland.