Poland - EI to boost development of Komfort

Two private equity funds managed by Enterprise Investors (EI) have signed an agreement to purchase 100% of the Komfort flooring retail chain. The transaction will take the form of a buyout, with half of the transaction financed by a loan provided by Bank Zachodni WBK. The value of the deal, which is still subject to the approval of the Office for Competition and Consumer Protection (UOKiK), has not, however, been revealed.

Agnieszka Kowalska, a partner at Enterprise Investors, claims the EI wants to realise the company’s substantial potential for rapid growth by further expanding its store network and launching some 10 outlets a year. “In our opinion this will give Komfort a good chance of growing dynamically not just in Poland but potentially also in other CEE countries. Our probable exit route will be through an IPO within a few years,” added Ms Kowalska.

Source: PMR. For more info Retailpoland.com