Enterprise Investors Fund sells Danwood for €140 million

 Polish Enterprise Fund VII, a private equity fund managed by Enterprise Investors, has signed a contract regarding the sale of Danwood. The value of the transaction will be €140 million. The buyer is GS Engineering & Construction, a construction company from South Korea. The transaction requires the consent of the Office of Competition and Consumer Protection (UOKiK).

Danwood is a Polish manufacturer of prefabricated houses, which operates in five European countries, including Germany. Enterprise Investors bought 100% company shares in December 2013 from the Budimex group. The value of the transaction was PLN 238 million then.

The company planned to debut on the Warsaw Stock Exchange in 2018 but eventually suspended its public offering.

(PAP)