21 Partners invests in EGB

21 Concordia launched in May 2011 with a target of €150m. The Poland-focused mid-market fund held its first close last November on €60m. It typically targets companies that have an enterprise value in the range of €50-200m.

EGB is listed on the NewConnect market of the Warsaw Stock Exchange. 21 Concordia acquired a 58.82% stake in the business through the holding company EGB International Sarl.

Company
Founded in 1995 and headquartered in Bydgoszcz, EGB is a debt collection firm that manages the collection of consumer and corporate debt for Polish financial institutions, telecommunications companies and utility firms.

The company operates two subsidiaries: EGB Finanse, which provides SMEs with electronic debt collection services; and EGB Nieruchomości, which manages mortgage-secured debt.

The company generates around PLN 50m (€12m) in revenues with an EBITDA margin of 15%.

People
Krzysztof Matela is the CEO of EGB. Dariusz Górka is a managing partner at 21 Concordia.

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