Enterprise Investors injects €8m into JS Hamilton

Following completion of the transaction, JS Hamilton aims to consolidate the testing, inspection and certification (TIC) market across the CEE region.

Capital for the deal was drawn from Enterprise Ventures Fund I, a €100m vehicle with a 2008 vintage. Earlier this year the fund acquired a 32.4% stake in Tahe Outdoors, an Estonian producer of watersports equipment, for €3.4m.

The VC stated it was attracted to JS Hamilton by the potential for growth in the TIC market, resulting from new regulations imposed by local acts and European directives. It was also attracted by the company's management team and its share of the market.

Company
Headquartered in Gdynia, Poland, JS Hamilton is a provider of inspection and analytical services to businesses in the fast-moving consumer goods, fuel and environmental sectors. It has a team of 230 analysts and 80 inspectors across 13 offices and laboratories. In 2013 the company generated a turnover of €13.7m, a 29% year-on-year increase.

People
Rafal Bator, a partner at Enterprise, led the deal. Jan Olszowski is founder of JS Hamilton.

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• Topics
• Expansion
• Support services
• CEE
• Poland
• Enterprise Investors