EI sells Danwood to trade for €140m

Total gross proceeds generated by the investment amount to €238m, yielding a 9x total gross multiple. The transaction is subject to approval from local authorities.

EI wholly acquired the company in a carve-out transaction from Budimex for €57.1m in 2013. Between 2014 and 2019, Danwood invested more than €27m in expanding its production capacities.

EI was invested via its Polish Enterprise Fund VII, which held a final close on €314m in May 2013. The vehicle focuses on the Polish mid-market and deploys equity tickets of €20-50m.

Company
Headquartered in Białystok and with two production plants in Bielsk Podlaski, Danwood designs and builds ready-to-move-in houses for individual customers. By the end of 2019, the company's production capacity reached 2,000 houses and revenues exceeded €274m, the company claims. Danwood employs 2,000 people.

People
Enterprise Investors – Sebastian Król (partner).
Danwood – Jarosław Jurak (CEO).

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