Enterprise Investors exits Bauma, launches new fund

Jacek Siwicki, EI managing partner, declined to comment on the news, though he said that a "significant transaction" would soon be announced. The current market value of EI's stake is around zł.150 million, though the fund acquired it for nearly twice as much in 1997 and 1999 and is expected to negotiate a sale at a premium. Earlier this month EI launched its fifth fund, boosting committed funds to more than USD 1 billion. Its first investment is expected to be the acquisition of Bulgaria's national telecom in consortium with Advent International. Siwicki also announced an acquisition in this country within 2-3 weeks. (Parkiet, p. 3) A.N.