Barings Equity to pull out of Poligrafia and CR Media

Barings Private Equity Partners (BPEP) has announced that it intends to spend euro 15 million on investments in Central Europe and plans to pull out of Poligrafia and the CR Media group, which are currently undergoing restructuring processes. BPEP partner Jacek Pogonowski would not reveal details of the planned investments, stating only that the fund was considering a number of projects in the region, which were however still at a preliminary phase. BPEP will leave Poligrafia only if the company acquires a financial investor, after improving its results. "Due to this, the company will acquire contracts in Scandinavia, as Polish prices are competitive in comparison to those in that region," said Pogonowski. According to BPEP, the media sector, which is undergoing restructuring, is attractive for funds as are the medical sector and some areas of manufacturing. (Parkiet, p. 4) M.M.