Investment Summary

Penta Investments Invests In Slovenska Poistovta a. s.

On January 1, 1999, private equity firm Penta Investments invested in insurance company Slovenska Poistovta a. s.

Investment Highlights
  • This is Penta Investments’ 1st transaction in the Insurance sector.
  • This is Penta Investments’ 3rd transaction in Slovakia.
Investment Fate
  • Slovenska Poistovta a. s. was sold to a publicly-traded strategic buyer in 2002.

Investment Summary

Date 1999-01-01
Target Slovenska Poistovta a. s.
Sector Insurance
Investor(s) Penta Investments
Deal Type Stake Purchase

Target

Slovenska Poistovta a. s.

Bratislava, Slovakia
Allianz – Slovenská poisťovňa is the largest commercial universal insurer in Slovakia.

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Investor(S) 1

Investor

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 3 of 51
Sector: Insurance M&A 1 of 2
Type: Stake Purchase M&A Deals 3 of 8
Country: Slovakia M&A 3 of 25
Year: 1999 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 VÚB Kupón

Bratislava, Slovakia

The VÚB Kupón fund was the largest privatisation fund in Slovakia. Penta purchased 17 % of VÚB Kupón shares and later also bought a 35% share owned by VÚB Banka. Penta merged the fund with Intefin Group for the purpose of transforming it to a normal investment company. It then sold off parts of the portfolio which had more than 100 types of stock initially. In the autumn of 1997, Interfin Group divested 55:45 to Istrofin and Intermark. Penta's participation in Istrofin was sold to a leading regional financial investor, Intermark was dissolved and the profit paid out to shareholders.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Non-performing loans management

Slovakia

Non-performing loans management is a management and recovery of non-performing loans for Slovenská konsolidačná, a.s. and other financial institutions, as well as the National Property Fund of Slovakia.

Buy -