M&A Deal Summary

Polish Development Fund Acquires PKL

On October 9, 2018, Polish Development Fund acquired leisure company PKL from Mid Europa Partners

Acquisition Highlights
  • This is Polish Development Fund’s 1st transaction in the Leisure sector.
  • This is Polish Development Fund’s 1st transaction in Poland.

M&A Deal Summary

Date 2018-10-09
Target PKL
Sector Leisure
Buyer(s) Polish Development Fund
Sellers(s) Mid Europa Partners
Deal Type Add-on Acquisition

Target

PKL

Zakopane, Poland
PKL is a company with over 85 years of tradition operating in the tourism industry, operator of mountain railways and ski lifts in seven resorts in the Tatras and Beskids: Kasprowy Wierch, Gubałówka, Jaworzyna Krynicka, Góra Parkowa, Mosorny Groń, Palenica and Góra Żar. , a comprehensive range of tourist and recreational services and has its own accommodation and restaurant base. PKL is the country's oldest provider of cable cars, ski lifts and ski slope services and is present mainly in the Tatra mountains range. PKL was founded in 1936 and is based in Zakopane, Poland.

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Buyer(S) 1

Buyer

Polish Development Fund

Warsaw, Poland

Category Company
Founded 2016
Sector Financial Services
DESCRIPTION

Polish Development Fund is a State-owned financial group which offers instruments supporting the development of companies, local governments and individuals, and invests in sustainable social development and national economic growth. Polish Development Fund was founded in 2016 and is based in Warsaw, Poland.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Poland) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Mid Europa Partners is a private equity firm focused on investing in Central and Eastern Europe. Mid Europa prefers control based investments in market leading companies operating in industries with high barriers to entry. Sectors of interest include telecom, media, utilities, transportation, natural resources, industrial, healthcare, building materials, manufacturing, and agriculture. The Firm looks to commit €75 to €200 million of equity capital per transaction in businesses valued up to €500 million. Prospective transaction types include buyouts, take-privates, divestitures, turnarounds, and large scale expansions. Mid Europa Partners is the successor entity to EMP Europe Ltd, which was formed in 1999. Mid Europa has offices in Budapest, Warsaw, and London.


DEAL STATS #
Overall 21 of 28
Sector (Leisure) 2 of 2
Type (Add-on Acquisition) 13 of 18
Country (Poland) 6 of 7
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Polskie Koleje Linowe S.A.

Zakopane, Poland

Polskie Koleje Linowe S.A. is a cable car, funicular, ski lift and ski slope service provider in Poland with presence in six locations in the Polish mountains, including flagship operations at Kasprowy Wierch and Gubalowka in Zakopane. Polskie Koleje Linowe S.A. was founded in 1936 and is based in Zakopane, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 intive

Regensburg, Germany

intive is an international provider of software development services with over 1,600 qualified specialists in 19 offices worldwide. Combining design and technology, intive has become the digitalization partner of choice for many international corporations across multiple industry verticals including automotive, high-tech, industrial, media, as well as consumer and financial services. intive was founded in 1999 and is based in Regensburg, Germany.

Buy -