Żabka buyer looking for more acquisitions in Poland

Equity Fund CVC Capital Partners is interested in more M&A targets in Poland after it bought discount retail chain Żabka back in February. “The purchase of Zabka does not satisfy our appetite for further investment in Poland. We are actively looking for investment ideas and perhaps this is why I am so optimistic on further merger and acquisitions,” CVC's Krzysztof Krawczyk said. “Poland has already become a mid-size economy. More global investors coming to the Polish market result from the fact that Polish companies have become bigger. The economic growth has translated into the scale of Polish firms, which is interesting for big, foreign investors,” he added. CVC is not concerned about the political risks. After Law and Justice came into power, the new cabinet even called the 2015' CVC purchase of state-owned PKP Energetyka “illegal. "I wouldn't call what is happening in Poland 'political risk'.It's more a concern about regulation. But in the last year and a half this uncertainty has diminished substantially,” he explained.