Tarheel Capital invests in new projects

This will be the third project for the fund which begun its activities only a year ago. TC wants to increase the foundry's capital by $10 million and expects in return to receive a majority of shares in the venture. TC in total has gathered $30 million to be invested in a sector where larger players rarely see opportunities. "We are interested in smaller companies. We invest on average up to $5 million in one project. Smaller companies are more profitable for us than for larger players, mainly due to our low cost structure. We mainly seek opportunities in the industrial sector," said Grzegorz Bielowiecki, a TC partner. The fund's two previous projects, namely Ceramique Polska and Radpol, proved successful and therefore Tarheel is ready to now withdraw from the investment. Funds raised from the transaction will be invested in a new project. (Puls Biznesu, p. 7) A.K.