Enterprise sells €12.5m Skarbiec share block

The partial exit sees Enterprise reduce its stake, held in the 2004-vintage €300m Polish Enterprise Fund V, from 75% to 44%.

Enterprise's partial sale marks the sixth partial or full exit by the GP in 2016.

Previous funding
In January 2007, Enterprise led the €40m management buyout of Skarbiec, tapping its Polish Enterprise Fund V for equity.

The GP listed Skarbiec seven years later, in November 2014, through an IPO on the Warsaw Stock Exchange that saw Enterprise reap €10.2m of proceeds from the sale of a 20% stake.

Company
Headquartered in Warsaw, Skarbiec is an asset management company. The business manages 59 funds with assets totalling around €3.6bn and employs a staff of 77.

According to publicly available information, the company generated PLN 81.65m of revenue and PLN 19.26m of net income in the most recent financial year.

People
Enterprise Investors – Jacek Siwicki (president).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Financials
• CEE
• Enterprise Investors
• Poland
• Partial sale