Enterprise Investors considers Profi exit

Enterprise has hired Citi Corporate and Investment Banking to evaluate the exit routes available for Profi and the market for such an asset.

If completed by the end of 2016, the exit will bring to an end seven years of private equity ownership for Profi, which was acquired in a €66m deal in 2009 by Enterprise. Since its initial investment, the GP topped up its commitment to the company with an additional cash injection of €10m in 2011.

According to unquote" data, Profi's revenues have grown from €150m in 2009 to €565m in 2015, and it has increased its number of stores from 65 to 400.

The sale of Profi will add to a string of exits by Enterprise Investors in the past six months. This week saw the GP sell Hungary-based sports nutrition producer Scitec Nutrition in a €170m trade sale, while it took Polish stem-cell bank Polski Bank Komórek Macierzystych and financial brokerage house X-Trade Brokers public in April. Towards the end of last year, Enterprise Investors made use of the Czech stock exchange for a partial exit of soft drink producer Kofola.

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