| Resource Partners will invest in Melvit S.A. |
| Tuesday, 16 November 2010 | ||
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Funds managed by Resource Partners signed an investment agreement to participate in a capital increase in Melvit S.A. (“Melvit”) in exchange for PLN 30 million investment. “By attracting a financial partner we have gained a possibility to modernize and increase our production capacity. We have also gained access to additional resources required for acquisitions in Poland and Central Europe.” said Sławomir Kamiński, CEO of Melvit S.A. “We appreciate the market achievements of Melvit S.A. and our investment in the Company reflects our views on Melvit’s organic growth potential as well as market consolidation possibility.” – said Piotr Noceń, Managing Partner at Resource Partners. Established in 1998 Melvit S.A. specializes in manufacturing, packaging and distribution of loose food ingredients such as groats, rice, cereal and flour. Products are offered under two brands: MELVIT and Szczytno Premium, both in traditional and modern trade. Resource Partners private equity funds specialize in growth financing of consumer goods and services companies. Resource Partners operates in Central and Eastern Europe and has among its LPs such leading international financial institutions as: AXA Private Equity, European Bank for Reconstruction and Development, European Investment Fund and Rabobank.
Resource Partners Press Release |