RP holds first closing of its third fund with a target size of €200m.
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.
REEEP III will continue the investment strategy of its predecessors, supporting private consumer-focused companies with equity tickets in the range of € 5-30 million. The Resource Partners’ long-term specialization in investing in consumer goods and services sectors provides its portfolio companies with unique strategy insights, excellent understanding of industry trends, ability to attract talent, as well as guidance and advice on key business decisions. At the same time Investment Team’s long-term focus and years of experience in consumer transactions provide entry tickets to exclusive, non-auction opportunities and an edge in competitive processes. This strategy has been confirmed by predecessor funds’ pace of investments and already realized returns.
Resource Partners in its third-generation fund is supported by its existing Limited Partners, many since Fund I, as well as new institutional and private investors.
Resource Partners is an independent private equity investment company founded in 2009 by a team of experienced fund managers who had invested in CEE region since 2000 on behalf of leading regional and international financial institutions and funds. Since inception Resource Partners has raised three generations of investment funds which combined with co-investment opportunities for fund investors resulted in total equity investments exceeding EUR 500 million.
Resource Partners is the first and only private equity manager in the region, specialising in investments in a broadly defined consumer goods and services sectors. It has extensive experience, especially in the area of processing and production, which is documented by around 30 investments (including add-ons) across 4 Central European countries. Resource Partners funds invest in profitable, rapidly growing companies with experienced management and support them with its expertise in managing fast organic growth, dynamic foreign expansion and transformational acquisitions.
Since foundation, Resource Partners regards good business and social responsibility as two sides to the same coin. The Firm promotes environmentally friendly projects and aims to reduce the carbon footprint of its investment portfolio. Resource Partners advocates transparency and gender equality and follows the strictest possible corporate governance standards. The Firm believes that its ESG efforts are in the best interest of all its stakeholders.
Resource Partners media contact:
+48 781 701 401
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 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.