DBG fund about to enter novel project and complete project with PWN

DBG Development Capital Eastern Europe, a private equity investment fund, has announced it has collected zł. 250 million to invest in new projects. The first one, an industrial company, will start operating after completing formalities. "It is one of its kind in the industry, therefore I cannot even disclose the target sector, until we sign the final contract. This could take several months, because we are a foreign company and we must acquire appropriate agreements," said Jacek Korpała, DBG's partner, and the managing director. The fund's policy is to enter an existing company for between three to seven years. Their preferred investment is between euro 3-12 million. DBG is about to pull out of one its three current projects, Polish Scientific Publishers (PWN), which was supported by the fund since 1998. DBG is backed by investors including Deutsche Bank, Mitsubishi, EBRD and Deutsche Beteiligungs. (Puls Biznesu, p. 6) A.K.