Locked content MCI to carry out 6 new investments

Private equity firm MCI Management plans up to six new investments tin the coming months, through its MCI.TechVentures and MCI.EuroVentures, the company’s deputy CEO Tomasz Czechowicz was quoted as saying by ISBnews. MCI EuroVentures will carry out one or two big investments, while MCI TechVentures ...

Locked content Consolidation on security services market inevitable

The security services market, worth some PLN 7.5 billion a year, will soon see a major wave of consolidation, according to experts quoted by daily Rzeczpospolita. The reason for the reshuffle is the new law that will make social security contributions mandatory for all mandate contracts starting 201...

Locked content Merger of major investment firms getting closer

Asset management firms Pioneer Investments, part of the UniCredit group, and Santander Asset Management, owned by Banco Santander, will sign a merger agreement by the end of the year, Andrea Morawski, UniCredit’s spokesperson told daily Rzeczpospolita. Together the two firms will manage €360 billion...

Locked content Alior EGM fails to approve share issue

The EGM of Alior Bank, held on Friday, failed to approve a resolution on the conditional issue of shares for the purpose of taking over Meritum Bank, according to a statement made after the meeting. The bank said that the resolution did not go through because of a misunderstanding between a sharehol...

Locked content Węglokoks to buy coal mines this year

Coal exporter Węglokoks plans to finalize the acquisition of four or five mines from troubled Kompania Węglowa before the end of this year, the company’s spokesperson Marzena Mrozik told the Polish Press Agency. In September this year, the two companies signed a letter of intent on the takeove...

Locked content Nk.pl for sale

The shareholders of classmate networking service Nk.pl (formerly Nasza Klasa) have decided to restructure and sell the firm, according to sources quoted by Antyweb.pl and Biztok.pl. The reports claims that due diligence has already been completed and that the new owner could be web portals group One...

Locked content Bidders shortlisted for Lotos Kolej

Oil refiner Grupa Lotos already has a short list of potential buyers for its railway unit Lotos Kolej, the company’s deputy CEO Mariusz Machajewski was quoted as saying by the Polish Press Agency. When asked about when the sale could take place, he said that “something may happen before the end of t...

Locked content State-owned fund to sell Sefako

The Mars FIZ investment fund, belonging to the Industrial Development Agency, has launched the sale of portfolio company Sefako, a producer of power generation boilers, reports Puls Biznesu. “If all goes well, Sefako will have a new investor in January or February 2015,” said Piotr Słupski, CEO of t...

Locked content PGNiG looking for advisors for major M&A deals

Poland’s largest natural gas company is looking for an advisor in a foreign market acquisitions worth  more than PLN 2 billion each, the company said on its website. Interested entities may file their offers by the end of October. On Monday, PGNiG announced the acquisition of minority stakes in four...

Locked content V4C planning exit and new fund

Private equity firm Value4Capital (V4C) plans to exit at least one of its investments in 2015, the company’s partner Jacek Pogonowski was quoted as saying by the Polish Press Agency. “For us the preferred exit option would be the sale of the company to a private investor, but in the case of one of t...