October 2010

We took a 30% share in CM Mavit

We signed an investment agreement to participate in a capital increase in Melvit, under which we acquired 30% of shares.

Mavit Medical Center was established in 2000 as a Private Healthcare Facility and has been operating an ophthalmology center in the Bielany district of Warsaw. In 2003 the company opened an ophthalmology diagnostics center in the Ursynów district of Warsaw.

“We decided to obtain new equity in order to accelerate our investment plans, which include expanding our hospital in Katowice with a new ophthalmology ward,” said Ryszard Stolarski, co-founder and Chairman of Mavit's Supervisory Board.

 “We decided to acquire shares of Mavit Medical Center because we believe in the prospects of the medical services sector and we were impressed by the quality of Mavit's management, the high quality of the services provided and the level of patient satisfaction,” said Aleksander Kacprzyk, Managing Partner of Resource Partners.

“We have gained a reliable partner, with significant experience in healthcare and businesses development, who will finance our development plans, as well as future expansion ideas,” stressed Andrzej Mądrala, co-founder and CEO of Mavit Medical Center.

 “Our investment strategy is to support the ambitious development plans of successful entrepreneurs, without taking over control of their companies. We are not only providing the resources to enable quick growth, but also – in the spirit of partnership and shared responsibility - we provide our expertise in long-term value creation,” said Ryszard Wojtkowski.

Mavit Medical Center has so far served over 93 thousand ophthalmological patients, performed over 15.5 thousand cataract removal procedures and 6 thousand Lasik procedures.

In 2010 Mavit opened a new hospital in Katowice with a laryngological and a maxillofacial surgery ward. It also offers advanced audiology diagnostics. Opening a new state-of-the-art ophthalmological ward in the Katowice hospital is scheduled for 2011.

RP with the “ESG Fund of the Year - Emerging Markets” award

Resource Partners has won the “ESG Fund of the Year - Emerging Markets” award at the prestigious Private Equity Wire ESG Awards!  The award ceremony took place on October 9th in New York, where Małgorzata Bobrowska, Wojciech Pociecha and Paulina Janik proudly represented our team and accepted this incredible recognition.

Resource Partners-backed Buglo acquires Elverdal

Industry leader and Poland's largest manufacturer of playgrounds, Buglo Play, has acquired an overall stake and become the sole owner of Elverdal, a Danish company specialising in tailor-made projects. This transaction is an important part of Buglo Play's international expansion strategy and the implementation of the company’s key business objectives.