July 2017

Closing the investment in Delicpol Group

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.

Delicpol was established in 1992 and today is a leading producer of Jaffa cakes. The company produces cookies, dry biscuits, cocktail biscuits and gingerbread. In addition to its own brands, Delicpol is a significant contract supplier for leading retailchainsin Poland and Europe.

Thanks to our investment, Delicpol Group consolidated the market, diversified its portfolio, and integrated and implemented modern management systems. It also doubled its exports, now accounting for 30% of total sales. Delicpol invested more than PLN50 million in production automation and increased efficiency.

Delicpol has an annual turnover of EUR58million and 950 employees.

Its major products are Jaffa cakes, sponge cakes, ginger bread, and innovative health cookies. Delicpol is the leading producer of private label biscuits in Poland and a significant player in the CEE region.

RP invests in Flex To Go, backing car rental agency’s expansion

Resource Partners is acquiring a significant stake in Flex To Go via its Luxembourg-registered fund, backing the largest chain of airport car rental outlets in Poland as it expands its operations in Germany and enters new European markets.

Resource Partners exits Tołpa to Bielenda

Resource Partners exits Tołpa to Bielenda Kosmetyki Naturalne („Bielenda”). Bielenda, supported by Innova Cap-ital will acquire 100% of shares in Torf Corporation, the owner of Tołpa and ON brands.