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.
Software systems developer is the GP's first investment from its £561m CBPE X vehicle
Following the deal, Montefiore retains a minority stake and a seat on the company's board
Following the €20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
GP is investing from its £120m SME Fund, which held a final close in July 2018