Warsaw, June 25, 2019 — Polish Enterprise Fund VII (PEF VII), a private equity fund managed by Enterprise Investors (EI), announced today that it has signed an agreement to sell 3S, a provider of fiber-optic and data center services for B2B clients, to P4, one of the leading telecom operators in Poland.

The enterprise value of the transaction is EUR 96 million;

The transaction is conditional upon obtaining antimonopoly approval.

3S is the owner and operator of a 3,800km-long, best-in-class fiber-optic network connected with a geographically diversified Tier 3 data center cluster. The company operates in a rapidly growing market segment, offering tailor-made telecommunication solutions that include internally developed cloud services to more than 2,800 B2B clients in Poland. It employs over 250 people. In 2015, EI acquired a 76% stake in the company for EUR 21 million. In 2018, 3S generated EUR 20 million in revenues.

“3S is ideally positioned to benefit from the growing demand for data services and the need for high-speed networks in Poland’s metropolitan areas. The company has a strong track record of servicing B2B clients, and its experienced management team is well equipped to drive the company’s growth under the new ownership. I am convinced that 3S will make a fine addition to P4’s offering”, said Rafał Bator, partner at Enterprise Investors responsible for the investment.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion. These funds have invested EUR 1.9 billion in 143 companies across a range of sectors and exited 130 companies with total gross proceeds of EUR 3.8 billion.

For further information please contact:

Rafał Bator, Partner

Anna Czywczyńska, Communications & Public Affairs Director

tel.: +48 22 458 8500

www.ei.com.pl

Warsaw, 18 July 2018 – Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors, has signed an agreement to acquire a 38% stake in Unilink, the number one insurance multiagency in Poland.

The value of the transaction was undisclosed;
The deal will consist of a capital increase and a partial buyout;
The transaction is conditional upon obtaining antimonopoly approval.

Unilink started distribution of insurance products in 2010, entering a market already occupied by sizeable competitors. Today, just eight years later, it is the leading integrator in the multiagent channel in Poland. As domestic market leader and consolidator in the largest distribution channel of the retail insurance market, it benefits from the ongoing consolidation and professionalization of Poland’s insurance distribution. The company is targeting to write insurance contracts worth close to EUR 230 million this year. It works with 10,500 insurance agents, helping them sell insurance products of all the major insurance companies operating nationwide. Unilink also operates via the dealership channel.

“Unilink surpasses all its peers in terms of growth, size, operational performance, organizational development and strategic vision. The company has always been very user-oriented and focused on creating value both for its independent sales agents and for the final customers. It offers its fast-growing network of cooperating agents a strong, sophisticated platform to help them sell the products best suited to the final customers’ needs”, said Enterprise Investors managing partner Dariusz Prończuk, who is responsible for this transaction. The company’s dynamic growth was possible thanks to its very skilled and entrepreneurial management team, which has a proven track record of achieving strong organic growth, identifying, securing and executing acquisitions and introducing innovation”, he added.

Commenting on the transaction, Unilink’s CEO Igor Rusinowski said: “Unilink’s ambition is to become the largest insurance distribution company in Central and Eastern Europe. To achieve this we need a very strong financial partner with appropriate experience who will support our further growth. As the market leader in Poland, we decided to team up with Enterprise Investors, the leading and most experienced private equity firm in the CEE region. We truly believe this partnership will enhance our development thanks to EI’s solid experience in growing businesses in the financial services and distribution sectors and their track record in completing international acquisitions. No less significant is the overall credibility such a partner brings. This move gives our agents clear-cut assurance that we will continue to invest in our service model, IT systems and people. Moreover, it demonstrates to agents and insurance companies that our financial and organizational capabilities are the best in class”.

Enterprise Investors was advised in this transaction by EY Corporate Finance and Gide. The sellers were advised by TDI Corporate Finance and SSW Pragmatic Solutions.

Enterprise Investors is one of the largest private equity firms in Central, Southern and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion. These funds have invested EUR 1.8 billion in 142 companies across a range of sectors and exited 127 companies with total gross proceeds of EUR 3.7 billion. Unilink is EI’s 20th investment in the financial services sector in the CEE region.

For further information please contact:

Dariusz Prończuk, Managing Partner
Anna Czywczyńska, Communications & Public Affairs Director
tel.: +48 22 458 8500
www.ei.com.pl

Enterprise Investors sells 3S to P4

Enterprise Investors to invest in Unilink