August 2009

CEE - Carlyle spinout Resource Partners attracts soft commitments

Resource Partners, the CEE private equity team spawned by Carlyle Group's attempt to set up shop in the region, is believed to be nearing a first close for its EUR 200m debut fund.

EBRD, CEE's largest limited partner, may provide up to EUR 25m as a cornerstone investor of Resource Eastern European Equity Partners I. Rabobank is also thought to commit as a cornerstone investor in the first close. EBRD will hold a board meeting on 8 September to determine whether or not to proceed, and may commit additional funding after the initial close.

The fund will focus on consumer goods, including the food and agribusiness sector in Poland, corresponding to at least 60% of the portfolio. The remainder will be invested across a range of sectors.

Ryszard Wojtkowski will manage the fund and is based in Warsaw.

Increasing our stake in Golpasz S.A.

In accordance with an earlier agreement, we bought additional shares from the minority shareholders and increased our stake in Golpasz S.A. from 67 per cent to 85 per cent. We have been an investor in Golpasz S.A. since December 2015.

Kent Orrgren at the European Health and Fitness Forum in Cologne

Kent Orrgren, CEO at World Class, performed at the European Health and Fitness Forum in Cologne. The 5th annual event brought together top experts from different sectors of the industry and over 400 delegates from 34 countries to discuss human capital in the European fitness sector.