Resource Partners was recognized as Private Equity House of the Year for 2022 at PSIK, the Polish Private Equity & Venture Capital Association awards gala on September 19, 2022. Resource Partners made five investments in the evaluated period and executed two exits from Fund II: from Maczfit and Maced, achieving in both cases above 70% IRR, as well as an exit from Fund I investment in Golpasz. Fund II was fully invested, on top of that first future Fund III investment was made. Piotr Noceń – Managing Partner at Resource Partners, was honoured with a Person of the Year award for leading a successful transaction in Maczfit, and 2 new portfolio investments. Piotr is also involved in PSIK activities as Head of PSIK Na zdrowie! Committee.
On 30th June 2022, Resource Partners, a leading consumer-focused private equity group in Central and Eastern Europe, has confirmed the first closing of its third fund. Resource Eastern European Partners III SCA SICAV-RAIF has a target size of EUR 200 million. The first investment of the newly established vehicle will be Deeper UAB, a global leader in the castable sonar market that is supported by Resource Partners since mid-2021.
On April 15th 2022, Vectr Fitness (part of African Industries Group, a group of privately held companies), and Resource Partners, the majority shareholder of World Class Romania, announced the execution of a transaction incorporating the company under Vectr Fitness structure. Upon completion of the transaction Resource Partners will fully exit the Company, while the management team led by Kent Orrgren, the CEO, will continue to run World Class Romania and stay as minority shareholders.
Resource Partners exits Maced to Assisi Pet Care Ltd realizing 80% IRR over the two years holding period. On February 10th 2022, Assisi Pet Care Ltd, a UK-based investment company of Harwood Capital and Peter Mangion, and the owners of Maced, the leader on meat-based dog snacks market, announced the execution of a transaction incorporating Maced under Assisi’s structure. Whereas Resource Partners fully exits the Company, Tomasz Macionga, the CEO and son of the founder, will continue as Maced’s CEO and Assisi’s shareholder.
On 23 June 2021, Resource Partners and the management team of Deeper, the leading global specialist in castable sonars for anglers, announced a buyout of the company from the Co-Founders, Aurelijus Liubinas and Rolandas Sereika, and the financial investor Gemini Grupė. The new investors will become the majority shareholders in the company and will be supported by Mr Donatas Malinauskas, who will continue in his role as CEO.
Resource Partners, one of the leading private equity investors in the CEE region, is pleased to announce the acquisition of a majority stake in Buglo Play Sp. z o.o. Since its inception in 2010, Buglo has been designing and manufacturing modern playgrounds with the highest safety and quality certificates. Buglo playgrounds bring joy to the youngest, both in Poland and abroad, where most of the company's sales go to.
Resource Partners supports 7Anna’s dynamic growth by creating a partnership with the creators of fast-growing premium bicycle brands. On April 19th 2021, Resource Partners and the owners of 7Anna announced the execution of an investment agreement that will strengthen further growth of the Polish company active in premium bicycle market segments. After completion, the founders of 7Anna will continue their current key management roles in the company, while Resource Partners will become the majority shareholder.
Resource Partners, one of the leading private equity investors in the CEE region, is pleased to announce the acquisition of a 100% stake in Atlantic Products sp. z o.o. Atlantic is a family business, established in 2001 by Halina and Witold Bubacz and located in north-west Poland. Company's products are fully exported to the European Union markets and sold under clients' private labels. The Company specializes in the production of high-quality natural dog snacks and is one of the leading manufacturers of this type of products in Europe.
On 8 March 2021, Żabka Polska sp. z o.o. and the owners of Maczfit, the leader of the dietary catering market in Poland, announced the execution of an acquisition agreement incorporating Maczfit under the Żabka Group’s structure. After Resource Partners exiting the company, Żabka will become the majority shareholder of the company. Its founder, Maciej Lubiak will further support Maczfit in his role as CEO.
Żabka Group signs acquisition agreement for Maczfit expanding into new areas of convenience in Poland. On 8 March 2021, Żabka Polska sp. z o.o. and the owners of Maczfit, the leader of the dietary catering market in Poland, announced the execution of an acquisition agreement incorporating Maczfit under the Żabka Group’s structure. This is another strategic step in expanding Żabka's modern convenience offer to consumers. Żabka will become the majority shareholder of the company, supported by its founder, Maciej Lubiak in his role as CEO.
On 1st of March 2021, Royal De Heus completed the acquisition of the Polish compound feed company Golpasz. The transaction has been finalized after approval by the Polish antitrust agency.
On February 12, 2021, Resource Partners submitted an application to the Polish Office of Competition and Consumer Protection (UOKiK) for approval to acquire majority stake in Nesperta, Polish market leader in UV hybrid nail polishes, from its founders. Transaction will be finalized immediately after obtaining the UOKiK’s consent, for the interim period both parties have granted themselves negotiation exclusivity.
On July 1, 2020, De Heus Animal Nutrition signed a preliminary agreement for the acquisition of the Polish compound feed company Golpasz (annual production capacity of 500,000 tonnes of compound feed). The proposed transaction involves the entire business activities of Golpasz in the field of production and sales of animal feed as well as managing a farm.
Resource Partners, one of the leading private equity investors in CEE region, is pleased to announce the acquisition of a majority stake in Maced sp. z o. o. The founders - Macionga family - will remain as minority shareholders. Mr. Tomasz Macionga will continue to hold the CEO position, while Mr. Edmund Macionga will join the Supervisory Board.
Mobile communications operator Bite Latvija has signed a purchase deal for the acquisition of 100% of telecommunications company Baltcom shares, as confirmed by Bite Latvija chief Kaspars Buls.
The LUX MED Group has acquired CM MAVIT Sp. z o.o., which includes an ophthalmological hospital and diagnostic center in Warsaw and a specialist hospital in Katowice, offering medical services in the field of ophthalmology, maxillo-facial surgery and ENT. This is one of the largest transactions of this type on the Polish healthcare market in recent years.
The company known for box-based diets, is becoming a market consolidator. As for now, it has built up space for almost threefold increase in sales.
Resource Partners sold its shares in SPS Handel to the Polfood Group, who through the transaction became the sole owner of SPS.
Maczfit, the leader of the dietary catering market in Poland, is launching a new chapter in its short but dynamic history, by attracting a private equity fund to implement the strategy of further rapid development of the brand, as well as distribution network for offered solutions to beneficiaries of a healthy lifestyle.
Artgeist, a new investment within the Resource Partners portfolio, is an experienced e-commerce player. Over the past years, the company from Wrocław has been successfully competing on the European online wall decoration market, the value of which is estimated at over one billion euros and which grows at rate of over 15% annually.
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.
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.
We closed REEEP II fund above the target of EUR100 million. Three returning investors from REEEP I were joined by two new investors.
Kent Orrgrenreplaced Mikael Fredholm as the CEO of our portfolio company, World Class Romania. Mikael Fredholm will remain as amember of the Management Board. Kent Orrgren has over 25 years' experience in healthcare and fitness sector. Previously he was a member of management boards in the leading fitness clubs in Sweden.
Our portfolio company, Melvit, participated in the PLMAinternational trade fair "World of Private Label" in Amsterdam. PLMA is one of the most prestigious trade fairs for retail and private label producers.
Our portfolio company, Golpasz, merged with Pro-Agro, a producer of industrial feed for cattle based in Radomino.
Our portfolio company, Melvit, participated in the SIAL Chinainternationalfood trade fair, the largest food trade fair in China. This year, over 100 Polish exhibitors participated.
Real Deals magazine awarded us the "Emerging Europe Deal of the Year 2016" award for the sale of Good Food.
Our portfolio company, Golpasz acquired Agrolen, a company offeringcomplete feeds and supplementsfor pigs, cattle, poultry, rabbits and horses.
Our portfolio company, World Class Romania, entered into a binding agreement to acquire the fitness chain operator Club Sport Fitness Center MV S.R.L.
Our portfolio company, Melvit, participated in the SIAL international trade fair in Paris. SIAL is one of the largestfood and agriculture trade fairs in the world. This year, there were over 6 thousand exhibitors and almost 155 thousand visitors.
Resource Partners takes Majority Stake in Polish Animal Nutrition Specialist
We have acquired a majority stakein Golpasz from company's previous and current employees. Golpasz is the leading Polish producer and supplier of industrial feed for farm animals, mainly poultry, pigs and cattle. The company has four production sites in Central and Northern Poland. In 2015, Golpasz completed its investment in a modern production plant in PodkoniceDużeand doubled its production capacity.
"For better data flow" conference invitation
Resource Partners funds exit Good Food to Hartenberg
We sold our majority stake in Good Food, a leading Polish rice cake manufacturer, to a Czech-based investment fund,Hartenberg Holding, generating a three-foldROI in less than four years. The deal is supported by the Management of Good Food, whichwill continue to run Good Food together with the new owner.
Resource Partners and Ardian acquire Chojecki to merge it with portfolio company Delicpol
Together with Ardian, an independent investor, we acquired the Chojeckicompany, aleading manufacturer of cookies, to merge it with our portfolio company, Delicpol. This transaction is part of our strategy ofbuilding a leading European confectionary producer.
Funds under management and advisory of Resource Partners increase their commitment to World Class
We completed the buyout of the minority shareholders of World Class Romania, our portfolio company. This transaction strengthened our partnership with the management team of World Class Romania and will help achievetheir goal ofbuilding the undisputed leader of the Romanian fitness market.
Resource Partners has joined forces with the management team to acquire World Class Romania
In a management buyout we acquired a controlling stake in World Class Romania. This transaction marks our first investment in Romania.
Ardian and Resource Partners increase their commitment to Baltcom
Together with Ardian, an independent private investor, we increased our joint investment in Baltkom TV, Latvia’s largest cable television operator, by completing the buyout of a minority shareholder. This transaction strengthens our strategic partnership, having initially invested in Baltkom in May 2011.
Baltcom pursues its market consolidation strategy with the acquisition of IZZI
Delicpol acquires Cuprod with the support of Resource Partners and AXA Private Equity
Our portfolio company, Delicpol, is consolidating the Polish confectionery market by acquiring 100% of the shares ofCuprod, a Polish manufacturer from Kluczborg. The transaction was financed by us and by AXA Private Equity.
Melvit S.A. acquires leading Lithuanian brands of groats, cereals and rice.
Delicpol sold its subsidiary ZWC "Miś" to the investment company Horizon Equity
As the global financial crisis engulfed Europe in early 2009, Polish private equity veterans Ryszard Wojtkowski, Aleksander Kacprzyk and Piotr Noceń were gasping from some seemingly bad choices of their own.
"We very much believed in our midcap, co-financing model in Eastern Europe, and we decided to give it a try at the worst possible moment"
Resource Partners, consumer-focused investor in CEE, and AXA Private Equity, the leading European diversified private equity firm, announce today that they have acquired Delic-Pol S.A.
This transaction is another step in our cooperation with AXA Private Equity that started in May 2010 by creating a strategic partnership in Central and Eastern Europe.
Funds under the management and advisory of Resource Partners have signed an agreement to investment in Delic-Pol S.A.
We signed an investment agreement with Delicpol. Closing of the transaction depends on the decision of Poland's Anti-Monopoly Authority.
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.
Funds advised by Resource Partners will suport SPS Handel in taking active part in consolidation of the Polish retail and distribution market. We are interested in both small and large retail chains. We have already identified several potential targets – says Ryszard Wojtkowski, Managing Partner of Resource Partners.
Private equity funds from Resource Partners group will invest PLN 30m in Melvit – producer of groats and cereals. The money will be used for acquisitions in Poland and Baltics.
Resource Partners will invest PLN30 million in a producer of groats and flakes –Melvit. The funds will be used for M&As in Poland and the Baltic countries.
"We will help our portfolio company, SPS Handel, to take part in the rapid consolidation of the Polish retail and wholesale market. We are interested in large and small retail networks, and we are looking at some potential targets," said Ryszard Wojtkowski, Managing Partner of Resource Partners, in an interview with Portalspozywczy.pl
Funds managed by Resource Partners signed an investment agreement to participate in a capital increase in SPS Handel S.A. (“SPS”) in exchange for PLN 60 million investment.
Funds managed by Resource Partners signed an investment agreement to participate in a capital increase in Melvit S.A. (“Melvit”) in exchange for PLN 30 million investment.
We signed an investment agreement to acquire shares and increase capital in Interchem. Interchem S.A. Group was established in 1996. Since 2000 the company has been developing its network of “Aster” drugstores. Currently, the network includes 119 shops, mainly in the northeastern Poland, located in small and medium towns. The company is also one of the largest wholesalers in household and personal care products.
We signed an investment agreement to participate in a capital increase in Melvit according to which we will invest PLN30 million and acquire a significant minority stake. Established in 1998,Melvit S.A. specializes in the manufacturing, packaging and distribution of loose food ingredients such as groats, rice, flakes and flour. Products are offered under two brands: Melvit and Szczytno Premium, both in the traditional and modern trade.
We signed an investment agreement to participate in a capital increase in SPS Handel under which which we will invest PLN60 million and acquire a significant minority of shares.
Funds managed by Resource Partners participated in the capital increase and acquired a 30% equity stake in Centrum Medyczne MAVIT Sp. z o.o.
Carlyle spin-out Resource Partners has reached a third close on its debut fund on €158m against a target of €150m. The fund, CEE' s only first-time fund to raise money in 2009, overcame market negativity to reach a €51m first close last October and a second close on €102m in May this year.
Resource Partners, a private equity fund created by a former Carlyle Group team, has just closed the third transaction of its debut fund. The fund will manage EUR158 million, EUR8 million more than planned.
We signed an investment agreement to participate in a capital increase in Melvit, under which we acquired 30% of shares.
The newest private equity fund has PLN 1.2 billion for investments in the retail and consumer sector. We are interested in supporting growth of the companies rather than taking them over, says Ryszard Wojtkowski, Managing Partner of the Fund.
A new player on the private equity market has PLN1.2 billion to spend in consumer products sector. "We don't want to take over companies, we want to support their development," said Ryszard Wojtkowski, Managing Partner of the Fund.
AXA Private Equity, the leading European private equity firm, announced a strategic partnership with us. The goal of the partnership is investing in opportunities across Central and Eastern Europe. AXA Private Equity will commit EUR51 million to the funds managed by us.
AXA Private Equity, the leading European diversified private equity firm, today announces a strategic partnership with Resource Partners, one of Poland’s preeminent private equity advisers, to invest in opportunities across Central and Eastern Europe. AXA Private Equity will commit €51 million to the funds managed by Resource Partners.
Resource Partners, a private equity created by a group of experts from The Carlyle Group, is closing its debut fund with the target of EUR200 million.
The EBRD and Rabobank Group are teaming up to support businesses with private equity financing during this period of tight liquidity by setting up a new private equity fund – Resource Eastern European Equity Partners I, LP. The Fund will have first close of €51 million and will focus primarily on investing in mid-cap businesses in Poland, as well as in other EU member states in central and south-eastern Europe.
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.