Cornerstone Investment Management ran a cross border investment into a Pan European platform of vertically integrated mushroom producers in 2021. The investment was made into Okechamp in Poland and Lutece in the Netherlands. The new business trades its goods globally and generates EUR 180 million sales at the moment of investment.
Cornerstone Investment Management has held a stake in Elemental Holding since 2020. Elemental is the second largest platinum group metals (PGMs) recycler in the world - with a market share at 15% and Europe’s leading recycler of electro, WEEE (Waste from electrical and electronic equipment), ITAD (unneeded IT equipment and hardware). Operating in 15 countries on 3 continents gives Elemental the largest collection points and infrastructure footprint in the world. With several development projects ongoing and the plan to become the world’s largest provider of secondary/green PGMs & precious metals in 2025.
Cornerstone Investment Management has held a minority stake in Gremi Media since 2020. The company is one of the leading Polish media groups, which offers economic and business news. Part of the group is Rzeczpospolita: a nationwide economic and legal daily and the only liberal-conservative newspaper in Poland.
Avenga was started after the acquisition of IT Kontrakt by Oaktree and Cornerstone Investment Management in 2017. As a global IT platform, offering a full-service business solutions, operating in the US, Germany and Poland with approximately 2,500 IT specialists Avenga focuses on healthcare, banking and insurance services.
The consortium of Oaktree and Cornerstone Investment Management acquired ProService in 2016. ProService is a leading Polish tech-driven company offering comprehensive and professional IT solutions, as well as a BPO provider serving the financial and insurance sectors. ProService cooperates with almost every major investment fund, pension fund, insurance company and bank in Poland.
The consortium of Bridgepoint and Cornerstone Investment Management acquired Smyk in 2016. Smyk is an iconic Polish kids brand, offering toys, clothes and accessories for children available in over 250 shops in Poland, Romania, Ukraine and the Middle East and additionally Smyk’s own brand products are available in 14 European countries and Asia.
E-TOTO was established in 2011 and is Poland’s third largest betting company offering an online betting platform which is also available through multiple kiosks located across the country. Cornerstone Investment Management has held a stake in E-TOTO since 2014.
Bombardier is the largest international rail transportation investor in Poland, with a wide range of business activities including the production of locomotive and passenger vehicle carriages combined with designing, producing and maintaining rail control and signalling systems. Bombardier combines technological innovation with respect for the natural environment - constantly focusing on research and development in accordance with the principles of sustainable growth. Cornerstone Investment Management has held a stake in Bombardier since 2010.
Cornerstone Investment Management is a limited partner in Cornerstone Venture Partners which is an early-stage venture capital firm focused on B2B technology solutions, headquartered in New York and with offices in California and Israel.
A consortium between Cornerstone Investment Management and Crestyl acquired Spravia (previously Budimex Nieruchomości) in 2021. Spravia was a subsidiary of Poland's largest construction engineering group, Budimex SA. Since the beginning of its operation in 1999, the company has built over 17,500 units in five major cities in Poland.
Alongside Redefine, Cornerstone Investment Management has held a stake in European Logistics Investment (ELI) since 2018. ELI is a logistic investment platform in Poland comprising of 16 income-producing properties and a pipeline of 24 new developments totalling approximately EUR 1 billion in value and 2 million sqm in size.
Together with PIMCO, Oaktree and Redefine, Cornerstone Investment Management have held a stake in Chariot Top Group since 2017. Chariot specialises in commercial real estate asset management, that started with a portfolio of 28 real estate assets purchased from the AXA, Ares and Apollo-Rida consortium and currently manages 17 commercial properties.
Griffin Real Estate was founded by Przemysław Krych in 2006 and quickly became the leading real estate investment and asset manager in Poland. The company successfully launched new concepts to the market including Student Depot and Resi4Rent. Today, Griffin Real Estate has assets under management of approximately EUR 5 billion.
Mezzanine financing provided by affiliates of Cornerstone Investment Management, alongside Oaktree Capital Management and PIMCO, for the development, by Echo Investment and EPP, of leading shopping centre in Warsaw with over 75,000 sqm including Primark’s first store in Poland.
Cornerstone Investment Management alongside Oaktree Capital Management and PIMCO, assisted with the financing of the acquisition of shares of EPP by Redefine, the latter being a REIT listed on the Johannesburg Stock Exchange. EPP is a synthetic REIT with a dual listing in Johannesburg and Luxembourg and is a consolidator of shopping centers in Poland. Today, EPP owns a diversified portfolio of properties worth over EUR 2 billion located in the largest Polish cities.
