M&A Deal Summary

Penta Investments Acquires VelveTex a.s.

On May 16, 2005, private equity firm Penta Investments acquired apparel/textiles company VelveTex a.s.

Acquisition Highlights
  • This is Penta Investments’ 2nd transaction in the Apparel/Textiles sector.
  • This is Penta Investments’ 1st transaction in Senegal.

M&A Deal Summary

Date 2005-05-16
Target VelveTex a.s.
Sector Apparel/Textiles
Buyer(s) Penta Investments
Deal Type Special Situations/Distressed

Target

VelveTex a.s.

Trenčín, Senegal
VelveTex was the only producer of artificial silk fabrics in Slovakia. Its major products include technical fabrics and interior decoration fabrics. Penta entered the company when it filled for bankruptcy, restructured its operations and realized the exit.

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Buyer(S) 1

Buyer

Penta Investments

Prague, Czech Republic

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 10.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Penta Investments Ltd. is a private investment firm focused on private equity and real estate. firm specializing in buy-outs and start ups transactions. Penta seeks to invest across Central Europe including Slovakia, Poland, and Czechoslovakia. The Firm targets companies with an average enterprise value of €150 million. Areas of interest includes facility management, aerospace, banking, energy, engineering, entertainment, financing, food processing, healthcare, insurance, investment fund, manufacturing, metal, refinery, retail, telecommunications, textile industry, transportation, wholesale and utilities. Penta Investments Ltd. was formed in 1994 and is based in Prague.


DEAL STATS #
Overall 20 of 51
Sector: Apparel/Textiles M&A 2 of 2
Type: Special Situations/Distressed M&A Deals 3 of 4
Country: Senegal M&A 1 of 1
Year: 2005 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-26 Fortuna Entertainment Group

Praha 2, Czech Republic

Fortuna Entertainment Group is a Central European betting operator that brings entertainment to sports fans, those who watch sporting events and bet on their favorite teams. Fortuna Entertainment Group was founded in 1990 and is based in Praha 2, Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 ProCare

Bratislava, Slovakia

ProCare is a chain of the outpatient clinics and provider of occupational health services. ProCare was founded in 2004 and is based in Bratislava, Slovakia.

Buy -