Resource Partners invests in Buglo,leading manufacturer of playgrounds
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.
“I am very happy that we will have the opportunity to support such a dynamic and innovative company as Buglo. Modern design and high quality of playgrounds, comparable to the largest global manufacturers, resulted in the great success of the Company. Buglo has a well-established position in Poland, being one of the most frequently chosen producers by municipalities, schools, kindergartens and developers. Buglo playgrounds are appreciated primarily by the youngest ones, who are now able to play and develop safely.” - says Przemysław Rączka, Investment Director at Resource Partners.
“The investment in Buglo remains in line with the Resource Partners strategy of supporting medium-sized Polish enterprises in further growth and foreign expansion. We believe that our experience will help Buglo to continuously increase its share in the current export markets and in acquiring new ones. We also see an opportunity for development in complementary categories, such as outdoor fitness equipment already offered by Buglo, or modern elements of landscape architecture. We also see the potential of growth through mergers and acquisitions, and opportunity for industry consolidation. There are currently many modern companies in Poland that successfully develop export sales. Such consolidation could shape a strong European player, who could benefit from the advantages of lower manufacturing costs combined with strong engineering competences, guaranteeing high quality and innovation” - says Małgorzata Bobrowska-Jarząbek, Managing Partner at Resource Partners.
“I am convinced that an experienced partner such as Resource Partners will be an important support for the development of Buglo. We are already expanding the production plant to broaden our offer with even more unique solutions. The combination of Buglo's strong competences in the design and production of modern playgrounds with Resource Partners' experience in increasing the scale of business operations will allow for implementation of our common ambitions and strengthening Buglo's position among the leading manufacturers in Europe.”- says Łukasz Karaszewski, CEO of Buglo.
Resource Partners was advised by Gessel law firm, TS Partners, KPT Tax Advisors and Ramboll.
Buglo owners were advised by Deloitte and Brzeziński Gregorczyk law firm.
Buglo was founded by Mr. Łukasz Karaszewski in 2010 in Koszalin. Buglo specializes in high-quality playgrounds with international quality and safety certificates. The company's offer also includes outdoor exercise equipment and elements of landscape architecture.
Resource Partners is an independent private equity investor founded in 2009 by a team of experienced managers who focused on investing in small and medium sized companies in CEE on behalf of leading regional and international financial institutions and funds. So far, Resource Partners have invested nearly EUR 300 million in the development of several medium-sized companies in Poland and other Central and Eastern European countries. Resource Partners specializes in investments in fast-growing companies with highly competent management teams, which they support in managing fast organic growth and acquisitions.
Media contacts:
Buglo Play Sp. z o.o. Resource Partners
Łukasz Karaszewski Małgorzata Bobrowska-Jarząbek
CEO Managing Partner
mail: sekretariat@buglo.pl mail: malgorzata.bobrowska@resourcepartners.eu
tel.: +48 538634171 tel.:+48 22 377 7900
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