Funds managed by Enterprise Investors have sold their 46% stake in Poland’s leading ceramic tiles manufacturer Opoczno to Cersanit, a Polish ceramic sanitaryware producer. The full exit yielded gross proceeds of PLN 252m representing a 2.4x investment multiple for the financial investor.
Managing director Craig Ferguson discusses accelerated deployment activity during the pandemic and plans to scale up the PE allocation by 2025
Fund has a target of $600m, which it plans to reach by next year, according to Kommersant
Existing investors including Institut Català de Finances also take part in the financing
Biotech company initially raised €12m in December 2018