Polish private equity firm Tar Heel made the first investment from its €50m Capital II fund by acquiring a 60 per cent stake in hydraulics group Rockfin.
The Chwaszczyno, Poland-headquartered company posted revenues of €32m last year.
Tar Heel is focused on the energy, modern production, green technology, IT and media and logistics sectors.
It targets companies that require funding of between PLN10m to PLN100m ($31.5m).
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