| Resource Partners will become majority shareholder in Interchem S.A. |
| Wednesday, 17 November 2010 | ||
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Funds managed by Resource Partners signed an investment agreement to acquire shares and increase capital in Interchem S.A. (“Interchem”), based on which they will hold a majority stake in the Company. “We have gained a strong financial partner, thanks to whom our group will actively participate in the dynamic growth of the Polish household products & personal care market. We have also secured additional resources for acquisitions in Poland.” – said Paweł Chodakowski - Malkiewicz, CEO of Interchem. “We have decided to acquire a majority stake in Interchem S.A., as the Company’s expansion potential impressed us. We strongly believe in the Company’s organic growth, as well as consolidation potential of the Polish market.” – said Piotr Noceń, Managing Partner at Resource Partners. Interchem S.A. Group was established in 1996. Since 2000 the Company has been developing a network of “Aster” drugstores. Currently the network includes 119 shops, mainly in the north-eastern Poland, located in small and medium towns. The Company is also one of the largest wholesalers in household products & personal care categories. 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 was advised by CMS Cameron McKenna, Deloitte, Environ and Roland Berger. Interchem was advised by Capital Partners.
Resource Partners Press Release |