June 2012

Together with AXA Private Equity we took over Delicpol

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.

Established in 1992, Delicpol is a leading Polish confectionery company specializing in biscuit manufacturing - cookies, dry biscuits, cocktail biscuits and gingerbread. Besides its own brands, the company is a significant contract supplier to the leading supermarkets in Poland and Europe. In 2008, Delicpol acquired Miś, a confectionary producer with more than 50 years of industry experience, which enhanced Delicpol’s product portfolio.

"The investment in Delicpol demonstrates our commitment to supporting Polish companies, both in terms of performance and geographical expansion. The company has been cooperating with modern and traditional retailers for a number of years and has shown that it can adapt to the increasing requirements and expectations of the retail market. We want to increase production capacity and support the company in the next stage of development,” said Ryszard Wojtkowski, Managing Partner of Resource Partners.

"Delicpol is a high quality, successful business with a very strong management, which is good news for our investors. Through our international network, we look forward to supporting the company as it continues to grow both domestically and internationally,” said Dominique Gaillard, Member of the Executive Board of AXA Private Equity.

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.