Locked content Tar Heel Capital buys bankrupt Transsystem

Private equity fund Tar Heel Capital has announced the acquisition of bankrupt transportation systems producer Transsystem. The company’s assets were sold by a bankruptcy administration for an undisclosed amount. Transsystem has been constantly in operation, THC said. Before it went bankrupt, its an...

Locked content TF Silesia to take over Torpol?

Towarzystwo Finansowe Silesia, a state-controlled investment vehicle, has applied to the Office of Competition and Consumer Protection (UOKiK) to take over railroad construction firm Torpol, the watchdog said on its website on Wednesday. The motion was submitted on June 27. The case is currently sub...

Locked content Sołowow to sell Echo Investment – paper

Michał Sołowow, one of the richest Polish investors, is looking for a buyer for his share in property developer Echo Investment, Puls Biznesu reports. The 45-percent stake is valued at between PLN 1.3-1.5 billion. A financial market source told the daily that Citibank was hired as an advisor in the ...

Amica bids for Spanish Fagor

Polish household goods producer Amica has submitted an offer to buy the assets of bankrupt Spanish market peer Fagor Electrodomésticos Soc. Cooperativa, according to the company’s press release quoted by ISBnews.

Locked content Advent sells Ultimo

Private equity firm Advent International has sold debt collection company Ultimo to Norwegian financial investor B2Holding, ISBnews reports. The deal now awaits anti-monopoly approval. “Advent and the company’s founder Janusz Tchórzewski signed an agreement to sell Ultimo to Norway’s B2Holding,” Mon...

Locked content Abris to merge Romanian courier firms

Polish private equity fund Abris Capital Partners has acquired Romania’s Urgent Curier, the third largest player on the local courier services market. The PE firm will merge it with number two on that market, Cargus, which it bought in 2012, Puls Biznesu reports. The takeover of Urgent Curier has al...

Cineworld acquires Cinema City

Warsaw Stock Exchange-listed Cinema City International signed a preliminary agreement to sell its movie theater business to UK sector firm Cineworld Group, the company said in a statement on Friday.