PineBridge Investments invested US$24 million out of its New Europe Fund I for a 46% stake in 2010.
Company Headquarters: Poland
Business focus: Convenience store operator
Revenue: Turnover of US$400 million (FY 2007)
- With support from PineBridge, Zabka developed over 1,400 stores and increased its revenues from US$50 million in 2000 to roughly US$400 million in 2007; it is now one of the largest convenience store networks in Europe
- PineBridge helped to increase sales per store by expanding the product mix, improving inventory management and pursuing an advertising campaign
- During PineBridge’s involvement, Zabka restructured and reduced the costs of store owners (“Agents”) and company management (“Partners”), and reduced store operating costs
- PineBridge helped to professionalize Zabka’s business by driving improvements in corporate governance and strengthening the Board of Directors