Our portfolio company, Torf Corporation, won the Product of the Year 2017 awarded by Women's Health magazine. The winning products were:
Our portfolio company, Torf Corporation, won the Product of the Year 2017 awarded by Men's Health magazine.
Together with Ardian, an independent, private investment firm,we sold a stake in Delicpol, a leading Polish biscuit producer. The shares were acquired by a strategic Dutch investor Continental Bakeries.
We sold a minority stake in a leading Polish grain processor Melvit to the company's majority owner, who will regain the full control of the business. Melvit is the leading Polish manufacturer and distributor of groats, flakes and other grain products sold under several brands, such as ‘Melvit’, ‘Szczytno’ and HoReCa-dedicated ‘LeChef’, as well as under private labels.
Our portfolio company, CM Mavit, uses new generation trifocal lenses in cataract surgery. These lenses provide comfort not only for both near and far vision, but also in middle distances, such as 60 cm. They make everyday activities, like reading or working on a computer, much easier.
Our portfolio company, World Class Romania, leaders in the wellness industry, acquired the Pure Health & Fitness Club (former Pure Jatomi), locatedin the AFI Palace Cotroceni mall in Bucharest.
Our portfolio company, Melvit, participated in the Delicious Poland trade fair in Wrocław, aimed at the hospitality industry. Melvit presented its products for the HoReCa sector.
Our portfolio company, CM Mavit, was ranked as the best private hospital by Wprost weekly. Our Katowice hospital was ranked among the best three facilities in curing retinal detachment.
Our portfolio company, Melvit, participated in Gastro Meeting 2017 in Warsaw, a trade fair forthe HoReCa industry.
Our portfolio company, Baltcom, has invested around EUR7 million since 2015 in modernizing its infrastructure and services. In 2016, Baltcom obtained mezzanine financing from a private investment fund, Providence Equity Partners,
Our portfolio company, Torf Corporation, participated in the international trade fair, PLMA"World of Private Label," in Amsterdam. PLMA is one of the most prestigious trade fairs for retail and private label producers.
Our portfolio company, Melvit, participated in the international trade fair, PLMA "World of Private Label" in Amsterdam. PLMA is one of the most prestigious trade fairs for retail and private label producers.
The SMILE technology used by our portfolio company, CM Mavit, has been acknowledged as one of the most efficient and the safest Lasik technologies in the world. In 2013, CM Mavit was the first facility in Poland to introduce the innovative ReLEx® SMILE method for Lasik.
The Riga Motor Museum organized its fifth competition for the safest company fleet.
Our portfolio company, Torf Corporation, participated in an international trade fair, Cosmoprof Worldwide Bologna.
Our portfolio company,Melvit, won a competition organized by "WiadomościHandlowe" magazine in the category "The best product – consumer's choice". The winning product wasMountain Oat Flakes. The award was granted based on a consumer poll, which chose the best FMCG products introduced between September 1, 2015 and September 1, 2016.
Our portfolio company, CM Mavit, introduced a modern method of lacrimal duct patency restoration – laser dacryocystorhinostomy (LDCR/laser DCR).
Our portfolio company, Melvit, was awarded Food Show Star in the "Best product" category. The award went to the La Chef brand, focused on the HoReCa industry. The products awarded were: Trendy Lunch with spelt, vermicelli and tomatoes.
A 30% of stake remains in hands of CEO Wojciech Piasecki and Director General Ryszard Gumiński. Both will continue to manage the company. Our new fund Resource Eastern European Equity Partners II (REEEP II) was established in 2017 and manages funds supplied by international institutional investors, as well as by the Polish Growth Fund created by Bank GospodarstwaKrajowego and the European Investment Fund.
Our portfolio company, CM Mavit, organized a competition "Change yourself with CM Mavit". The prize was a free Lasik surgery free and an image change with a hairdresser, make-up expert and personal stylist.
Our portfolio company, World Class Romania, had 50,000 members as ofthe beginning of the year, a 70% y/y increase. By the end of 2016,World Class Romania had EUR20 million in revenues, a 15% increase y/y. In 2016, World Class Romania invested more than EUR5 million in three new clubs and in the refurbishment of nine clubs.
Our portfolio company, Melvit, participated in the International Trade Fair in Dubai. Gulfoodis the biggest food trade fair in the Middle East.
Our portfolio company, Torf Corporation, was received an award from ELLE magazine. For the first time the editors of ELLE Poland chose to recognize the category of male products, and the winner was dermo cosmetic tołpa®dermo men, barber balsam - soothing gel for the face and facial hair.
Our portfolio company, Melvit, and its Hemp seeds with linseed bran won a competition organized by Women's World magazine, in the category Food – Diet products.
Nicolas Jacques Boissinremains the CEO of our portfolio company Baltcom. Tina Lūse, the incumbent legal advisor, and Dmitry Nikitin, Director responsible for technology, joined the Management Board.In November 2016, Victoria Meikšāne, the CFO, left the company. Her responsibilities were taken over by Anda Aleksejeva.
Our portfolio company, CM Mavit, hosted the Polish national handball team. Ophthalmologists did thorough medical check-ups of players’ eye-sight. CM Mavit has been an official partner of Poland's Handball Federation for years and provides medical care for players from all age categories.
Sixty percent of our portfolio company Baltcom's clients chose digital television. According to Konstantin Borovikov, Products and Services Director, traditional television is becoming less popular because the digital TV gives access to a greater number of channels with a better picture and sound quality.
We closed REEEP II fund above the target of EUR100 million as of the end of December. Three returning investors from REEEP I were joined by two new investors. Immediately after the closing, we signed our first transaction for the new fund and acquired a 70% stake in Torf Corporation, a leading Polish cosmetics manufacturer specializing in “healthy and natural” products. Torf is also a leading producer of oral hygiene products.