CVC Capital eyes takeovers in Poland

London-based private equity CVC Capital Partners is planning further acquisitions on the Polish market following the takeover of PKP Energetyka last year for PLN 1.4 billion, said Steven Kotles, co-founder and co-chairman of the company. "In Europe when it comes to the potential for growth, Poland is one of the markets which creates the best opportunities for investors. We think about further investments," Kotles told in an interview with Rzeczpospolita. In July 2015, the Ministry of the Treasury and CVC Capital Partners signed an agreement regarding the sale of PKP Energetyka, the power unit of Polish state railways (PKP). After October's parliamentary election, the new PiS-led government announced it will run an audit of the privatization process and notify the Public Prosecutor General in case the review confirms "arising doubts". "I think the questioning of the transaction will soon be over because the government will see that we are a reliable owner of PKP Energetyka, which will make the company stronger than it was when we acquired it," Kotles said.