Polish PE firm Tar Heel Capital
has successfully closed its first fund after raising EUR 50 mln. The
fund set-up is a divergence from Tar Heel’s typical modus operandi,
which, for the past decade, has been to invest in target companies on a
case-to-case basis. The new fund, known as THC 2, had Athos Partners
as the only placement advisers. Tar Heel expects to take advantage of
the high-quality deal flow and the low competition in the Polish small
cap market with the new fund.
Tar Heel Capital (thc.innerlook.pl)
Tar Heel Capital is a PE fund manager
with over 10 years’ experience investing into small and medium
enterprises in Poland. Targeting development-driven companies with a
minimum of PLN 15 mln in annual revenues and valued between PLN 2 mln
and 60 mln, the investment firm looks for companies from diverse
industries such as energy, green tech, the whole suite of IT-related
fields, modern production and logistics. Current portfolio companies of
Tar Heel include LiveChat Software – developer of text-based
software-as-a-service tools, FAM Capital Group – an industrial holding
corporation that was in financial trouble when Tar Heel took control and
Greenbet Polska – a company that processes waste materials from the
coal industry. Past portfolio companies include Radpol, Apreo Logistics,
Euroad, Rurgaz, Metalplast Systems and OneStep.
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