Resource Partners increase assets under management and advisory to EUR293m
Resource Partners increase assets under management and advisory to €293m in its maiden fund.
Resource Partners were set up as an independent GP in 2009 by the ex-Central European team of The Carlyle Group after the global manager changed strategic priorities in the aftermath of the financial crisis. With the initial fund size of €158.1m Resource Partners have focused on investing in fast growing consumer businesses in CEE, taking majority and minority stakes within transaction range of €5-30m. They have been seeking to generate returns by supporting organic growth, product and geographic expansion, industry consolidations, financing MBOs/MBIs as well as providing succession exits to private entrepreneurs.
This focused investment strategy on mid and lower midmarket have proven to work well in the CEE region. Since inception Resource Partners have successfully invested in 6 portfolio companies and 3 add-ons deploying €80m of own funds as well as offering €40m of coinvestment opportunities to its Limited Partners.
On the back of this successful launch of independent investment activity and high quality of portfolio companies, the fund investors decided to increase their commitments. By November 2011 Resource Partners have completed a top up of its debut fund, reaching the total of €293.4m in assets under management and advisory to support the original investment strategy.
Resource Partners operate from their offices in Jersey, Warsaw and Vienna with the team of 10 investment professionals, among them Polish, Romanian and Hungarian nationals.
Contacts:
| Ryszard Wojtkowski Managing Partner Tel. +48 22 579 8200 ryszard.wojtkowskii@resourcepartners.eu |
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.
