Enterprise Investors completes PragmaGo take-private

The GP acquired 79.02% from the majority shareholder Pragma Inkaso, and deployed equity from its €498m Polish Enterprise Fund VIII, which held a first and final close in September 2017. The deal is its first take-private transaction.

With the transaction, the GP will develop PragmaGO in the private market, and provide a capital increase of €13.5m.  

EI managing partner Dariusz Prończuk said the GP plans to de-list the company from the Warsaw stock exchange "as soon as possible".

Company
Founded in 2006 and based in Katowice, PragmaGO offers financial intermediary services to SMEs in Poland. The company has 64 staff. 

People
Enterprise Investors – Dariusz Prończuk (managing partner).

Advisers
Equity – White & Case (legal).

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