Our first fund REEEP I manages EUR 293.4 million
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 aninitial fund of EUR158.1 million we have focused on investing in fast growing consumer businesses in CEE, taking majority and minority stakes in the range of EUR5 million-30million. Our investment strategy is based on supporting organic growth, product and geographic expansion, industry consolidations, financing MBOs/MBIs as well as providing succession exits to private entrepreneurs.
On the back of this successful launch of investment activities, the fund investors decided to increase their commitments and now REEEP I has EUR293.4 million in assets under management.
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, 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.