Wednesday, July 22, 2015

Innova buys Pekaes of Kulczyk – Puls Biznesu

After 10 years since the first investment richest Pole decided to leave Błońska logistics company Pekaes. Conditional preliminary sales agreement assumes control of the company will take over the private equity fund Innova Capital. To him hit 63 percent. shares held previously held by KH Logistics and PEK II group companies Kulczyk Investments. Value of the transaction parties do not disclose. Its implementation depends on the consent of the OCCP.

– The transaction is the result of our interest in the booming logistics sector in Poland – says Krzysztof Kulig, managing partner at Innova Capital.

– we transformed Pekaes in modern and competitive company, one of the market leaders. As a result, we received a very good offer from an investor who appreciates the results of our hard work and built over the past few years, the company’s value. According to the newly adopted strategy, we will focus on four areas: chemistry, infrastructure, energy and new technologiach- adds Sebastian Kulczyk, President of Kulczyk Investments.

– It seems that the transaction is neutral for the Pekaes. In the company there is a financial entity, not an industry. There is therefore no question of synergies to be gained entry in May Hupacu PCC Intermodal. Pekaes is not a start-up period. The introduction of Innova representatives to the supervisory board or the management board so little change – says a person familiar with the industry and requesting anonymity.

Knowing the history of Innova, you can guess that the increase in value sees the consolidation of the industry. Do not deterred her bad experience Bridgepoint fund that can not find a buyer CTL Logistics, ao profit from any sale could only dream of.

full article in Puls Biznesu or online Puls Biznesu Premium.

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