M&A Deal Summary

Accession Capital Partners Acquires SMYK

On February 26, 2024, mezzanine finance firm Accession Capital Partners acquired retailer SMYK from Bridgepoint, Cornerstone Investment Management and Griffin Capital Partners

Acquisition Highlights
  • This is Accession Capital Partners’ 2nd transaction in the Retail sector.
  • This is Accession Capital Partners’ 3rd transaction in Poland.

M&A Deal Summary

Date 2024-02-26
Target SMYK
Sector Retail
Buyer(s) Accession Capital Partners
Sellers(s) Bridgepoint
Cornerstone Investment Management
Griffin Capital Partners
Deal Type Secondary Buyout

Target

SMYK

Warsaw, Poland
SMYK is a kids brand, offering toys, clothes and accessories for children available in over 250 shops in Poland, Romania, Ukraine and the Middle East and additionally SMYK's own brand products are available in 14 European countries and Asia. SMYK was founded in 2000 and is based in Warsaw, Poland.

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Buyer(S) 1

DESCRIPTION

Accession Capital Partners (ACP) is an investment firm that typically provides junior capital alongside financial sponsors when pursuing acquisitions or growth investments. The Firm typically seeks to invest in mid-sized companies throughout Central Europe. ACP was established in 2000 and is based in Vienna, Austria.


DEAL STATS #
Overall 6 of 7
Sector (Retail) 2 of 2
Type (Secondary Buyout) 3 of 3
Country (Poland) 3 of 4
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 Clarfon

Bucharest, Romania

Clarfon operates a retail network for hearing aids, laryngology devices, and accessories in Romania with 62 shops throughout the country. Clarfon is based in Bucharest.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-26 WISS

Bielsko-Biała, Poland

WISS is an engineer and manufacturer of firefighting and other specialist emergency vehicles. WISS was formed in 1988 and is based in Bielsko-Biała, Poland.

Buy -

Seller(S) 3

SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 28.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 107 of 109
Sector (Retail) 7 of 8
Type (Secondary Buyout) 64 of 65
Country (Poland) 3 of 3
Year (2024) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 Kerv

London, United Kingdom

Kerv offers business outcome-focused solutions, initially comprising of converged IT managed services, unified communications, contact centre, security and compliance applications, all delivered in a way that will set the industry benchmark for excellent customer experience. Kerv was formed in 2020 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-01 Dorna

Madrid, Spain

Dorna is an international sports management, media, and marketing company that holds the global commercial and broadcasting rights for MotoGP. Dorna

Sell €4.2B
SELLER
DESCRIPTION

Cornerstone Investment Management is a private equity firm focused on acquiring mid-sized companies in Poland and Eastern Europe. The Firm is a generalist investor and looks to back experienced management teams to grow and transform their businesses. Cornerstone Investment Management was formed in 2001 and is headquartered in Warsaw.


DEAL STATS #
Overall 3 of 3
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Poland) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-15 Avenga

Cologne, Germany

Avenga is a global IT platform, offering a full-service business solutions and supporting global organizations in their digital transformation. The Company understands the complexities of modern markets and translates them into real business solutions for pharma & life sciences, insurance, finance, automotive, and real estate. Avenga is based in Cologne, Germany.

Sell -
SELLER

Griffin Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Real Estate
Founded 2006
PE ASSETS 3.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Griffin Real Estate is a private equity real estate firm focused on developing and acquiring real-estate related assets and companies in Central and Eastern Europe. Griffin Real Estate was formed in 2006 and is headquartered in Warsaw.


DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Poland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Stokado

Warsaw, Poland

Stokado is specialised in self-storage industry. The company currently stores goods belonging to ca. 3,000 units both private and B2B customers in its dedicated self-storage facilities located in Wroclaw, Poznan, Bydgoszcz, Kalisz, Legnica, Zabrze, Dabrowa Gornicza, Piekary Slaskie and Zielona Gora. Stokado is based in Warsaw, Poland. ,

Buy -