Polish GP Krokus Private Equity has made 3.5x money on its investment in Polish paraffin producer Polwax, after selling its final shareholding in the listed vehicle.
GP makes fifth investment from the €160m Pechel Industries IV vehicle
Deal is the fourth acquisition in 2017 for the GP's €323.5m second vehicle, Ambienta Fund II
New vehicle follows from Phoenix Equity Partners 2010, which closed in June 2010 on £450m
TCR Capital sells its majority stake to IDI and family office Groupe Chevrillon