Resource Partners increase assets under management and advisory to €293m in its maiden fund.
In the first two years we invested in six companies and supported three of them in M&A transactions and market consolidation. In total we have invested EUR80 million of our own funds, as well as offered EUR40 million of co-investment opportunities to our Limited Partners.
With the support of the Management of Good Food, we bought through a secondary buyout, Good Food from its previous owner Avallon MBO Fund.
Resource Partners funds, supported by the Management of Good Food, bought out the Company from the current owner AVALLON MBO FUND.
AXA Private Equity, the leading European diversified private equity firm, and Resource Partners, one of Poland’s preeminent private equity advisers, have together acquired a majority stake in SIA Baltkom TV (Baltkom), Latvia’s largest cable television operator. This transaction represents the first joint investment by AXA Private Equity and Resource Partners, who entered into a strategic partnership in May 2010.
Jointly we acquired the majority stake of SIA Baltcom, the largest Latvian cable television provider. This was the first joint investment by AXA Private Equity and us. Baltkom TV was established in 1991 in Riga. It is the largest cable television provider in Latvia. It offers analogue and interactive digital TV, high-speed internet and fixed line telephone services in 15 cities, with Riga being the major one. Baltcom has a next-generation network (NGN) and offers broadband internet and HD digital television.
SPS Handel opened its 41st store in Kowale Oleckie. It the first ouf of 15 new openings planned for 2011.
One of the founders and shareholders decided to sell its shares in Centrum Medyczne Mavit to the funds advised by Resource Partners. As a result of the transaction the funds increased its shareholding to 67% with the remaining shares owned by the CEO Andrzej Mądrala.
Our portfolio company, SPS Handel, has just opened its 41stZielony Market store in Kowale Oleckie in Poland’s Warmian-Masurian Voivodeship. This is the first of a planned 15 store openings for this year.
The previous co-owner of CM Mavit sold its stake. In 2010, we signed a capital increase agreement, according to which we took a 30% stake. After one of the two owners of the company sold us his stake, we have become the majority owner with 67% of shares.