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The Warsaw Voice » Business » May 8, 2018
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Penta Investments to invest half a billion
May 8, 2018   
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Lukasz Waszak
Central Europe private equity fund Penta Investments eyes investing over EUR 500 million in 2018, while focusing its attention on the development of companies it already holds in its portfolio, Penta Investments managing director for Poland Lukasz Waszak told PAP.
"We definitely want to invest further and I am convinced that, in 2018, the value of investments will not be lower than in 2017, and will also exceed EUR 500 million," Waszak told PAP. "At present, 80-90% of our attention is devoted to developing [our] current companies under investment platforms, which should be reflected in [our] investment directions."
Penta takes a selective approach to new projects, the official said.
"There is a capital surplus on the investment market, which causes competition among potential buyers and high assets' valuations," he said. "Today we can be very selective and that is why we are reluctant to take part in competition for new projects."
While looking for new projects, Penta Investments is interested in companies characterized by a strong market position and potential to tap into foreign markets with their product offer.
"We are interested in large companies or firms that, in the long term - of even 5 to 10 years - may sport at least EUR 50-100 mln in annual EBITDA," Waszak said.
At present, Penta is not holding any talks regarding investments in WSE-listed companies that would potentially require bidding to delist, Waszak also told PAP.
Penta Investments specializes in long-term investments across six investment platforms: financials, commercial real estate, retail, healthcare, production and media. The group's Polish portfolio comprises, among others, bookseller Empik, frozen foods manufacturer Iglotex and language schools operator Learning Systems Poland.
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