Enterprise Investors has invested a further €2.2m in Polish wooden pallet specialist EP Serwis to boost its exposure to a fledgling market it expects significant growth from in coming years.
EP said it would use the new funding to develop its pallet pooling services and strengthen its position in the market.
The company is also involved in trading, exchange, logistics, and repair and recycling of used pallets.
Enterprise will hold a 49 per cent stake in the company following the purchase, which it made through its Venture Fund I.
EP, which currently has annual revenues of nearly €10m, sees a
significant potential for growth as pallet pooling is just starting to
develop in Poland, while in the US and Western Europe more than 50 per
cent of pellets are pooled.
Enterprise partner Rafał Bator, said, “All the measures taken by the
company in the last few years… have turned EP Serwis into the market
leader on Poland’s open pallet pooling market.
“The Polish market of EPAL-standard pallet rental services is in its
infancy and our due diligence has shown that EP Serwis is best
positioned to capture this emerging segment.”
Enterprise Investors currently manages funds with capital exceeding
€2bn. These funds have invested €1.6bn in 129 companies across a range
of sectors and exited 96 companies with total proceeds of €1.8bn.
Enterprise Venture Fund I was raised in 2008 with a total capital of
€100m. It usually invests between €1m and €5m per company, and has so
far realised twelve investments in Poland and Central and Eastern
Europe.
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