| Resource Partners will invest in SPS Handel 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 SPS Handel S.A. (“SPS”) in exchange for PLN 60 million investment. “We have gained a financial partner, thanks to whom our dynamically growing company will actively participate in the consolidation of the Polish retail and wholesale distribution market.” – said Marek Szczepanek, CEO of SPS. “We are interested in merging or acquiring groups of shops in order to strengthen our market position. In Resource Partners we have gained a strong partner ready to support our current and future investment plans.” said Piotr Szczęsny, Chairman of the Supervisory Board of SPS and CEO of Polfood Group S.A. – owner of SPS. “We have decided to invest in SPS Handel as we appreciate the quality of the Company’s management as well as the potential of its market. We strongly believe in consolidation of the Polish retail market and further organic growth possibilities.” - said Ryszard Wojtkowski, Managing Partner at Resource Partners. SPS Handel S.A. was established in 1998 and since 2000 the Company has been developing a network of retail shops. Currently the network includes 36 shops operating under “Zielony Market” brand. SPS is also one of the biggest wholesale distributors in the north-eastern Poland. 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 |