Investment in a leading nationwide cable and telco operator providing B2B and B2C services. As of the end of 2017, Multimedia provided its services to a total of ca 750K customers. The company was one of the first players in Poland to offer a Triple Play (television, internet and telephone) bundle.
EXIT - sold to Vectra - the largest cable operator in Poland.
Investment in a leading provider of Triple Play services (television, internet and telephone) in Hungary.
EXIT - sold to UPC, a part of Liberty Global - a global telecom company.
Investment in Poland’s largest hydro-power, engineering group, a major consultancy advising in studies and designs for the most important water engineering structures in Poland. The company provides specialized engineering, design and consultancy services in the area of water management.
EXIT - sold to DHV - the largest engineering group in Netherlands.
Investment in a privatised manufacturer of containerboard paper grades Zakłady Celulozy i Papieru w Świeciu. The company is one of the largest manufacturers of paper bags and containerboard in Europe.
EXIT - sold to Frantschach of Austria, a part of MONDI group of South Africa - a leading international packaging and paper group.
Investment in one of the largest Polish engineering and construction companies and a general contractor in the field of industrial construction. The company carried out several high profile projects including construction and redevelopment of major sport facilities in Poland.
EXIT - ABB on the WSE.
Investment in Poland’s largest portfolio of wind farms with MW 1,100 of combined installed and under development capacity.
EXIT - sold to EDP of Portugal - a global energy company.
Investment in a leading chain of outpatient clinics in Poland. Luxmed was grown from a single clinic to a countrywide healthcare operator with 165 centres.
EXIT - sold to BUPA - an international healthcare company.
Investment in the first NMT 450 National license mobile telecom operator in Romania. Created as a result of spin-off from Telefonica Romania, the first Romanian mobile service provider.
EXIT - sold to Qualcomm - a leading global semiconductor and telecommunications equipment company.
Investment in the largest Polish construction holding company. Budimex is present in all major market segments including the construction of roads and bridges, housing, environmental protection facilities, commercial buildings, industrial buildings, office buildings and public facilities.
EXIT - sold to Ferrovial - a global operator of services and infrastructure.
Investment in a major Polish player from the confectionery sector. The company is focused on chocolate products and owns several traditional Polish brands.
EXIT - sale to Nestlé - a Swiss multinational food and drink processing conglomerate corporation.
Investment in a leading Polish manufacturer and exporter of agricultural and horticultural machines. Today, a major player in the Polish market recognised with multiple industry awards. Exports its products to other European countries, Americas, Asia and Australia.
EXIT - sale to New Holland - a global agricultural machinery producer.
Investment in Polgraph SA, a Polish privatised manufacturer of carbon products.
EXIT - a series of share disposals to SGL Carbon AG - a leading global player.
Investment in a Polish food processing company specialising in convenience and quick to prepare food. Today, one of the most recognised food brands in Poland.
EXIT - sold to Nestlé - a Swiss multinational food and drink processing conglomerate corporation.
Investment in a major Polish aluminium processing company. The leader in the Polish market of advanced aluminium products and flexible packaging.
EXIT - ABB on the WSE.
Investment in one of the most innovative pharmaceutical plants in Poland.
EXIT - sold to Teva Group - one of the largest pharmaceutical companies in the world.
Investment in a major Polish road construction company. Dromex was focused on export and completed several large scale projects in the Middle East. The company built over 4,700 km of roads and highways abroad including 13% of Libya's road network.
EXIT - sold to Ferrovial - a global operator of services and infrastructure.
Investment in a manufacturer of Portland cements based in Eastern Poland. Today, one of the most modern and efficient cement plants in CEE leading in terms of alternative fuels usage.
EXIT - sold to Cemex - one of the largest building materials companies in the world.
Investment in a Polish manufacturer of home appliances. The largest company of its kind in Poland and one of the largest in Europe. More than half of Polish homes feature at least one Amica appliance making it one of the most recognised companies listed on the Warsaw Stock Exchange.
EXIT - IPO on the WSE.
Acquisition of the largest Polish developer in the office, commercial and residential real estate sector listed on the Warsaw Stock Exchange, in consortium with Oaktree Capital Management and PIMCO. Restructuring of the company into a platform of yielding prime retail & office assets (EPP) and a pure developer, a clear market leader in the office and residential development, holding extensive portfolio of development properties across Poland (Echo Investment).
The majority stake of EPP was sold to Redefine (second largest REIT listed on the JSE). Echo Investment was consolidated as the largest Polish developer and its majority stake was sold to an institutional investor Wing Properties.
Winning of a public tender for the purchase of a furniture company, which employed several dozen people and controlled several strategic assets in Warsaw with the total development potential exceeding 160,000 sqm residential and commercial space. Restructured to separate the commercial activity from the development assets in order to prepare the latter for sale. Sale preparation included legal, technical and planning improvement.
Exit through transactions with the leading property companies including Porsche, Okam Capital, Puro Hotels, Grupo Lar, LC Corp, etc.
Creation of a unique platform in Polish real estate market - the largest, office focused, synthetic REIT with an integrated, internal management team. Established by spinning off nine attractive properties from a portfolio of Griffin Real Estate group located in prime locations in five Polish cities: Warsaw, Wroclaw, Lodz, Cracow and Katowice. Initially listed on the Warsaw Stock Exchange, currently is a part of the Globalworth.
Hala Koszyki, located in the very city centre of Warsaw and Renoma, the first and the oldest shopping centre in Wroclaw are prominent examples of projects which developed and owned by Griffin Premium RE.
Acquisition of a 55,000 sqm residential development site in Warsaw in a bankruptcy proceeding. Restructuring of its legal and zoning status and off-market sale to the largest Polish developer, Dom Development, in what was a record transaction of that year.
Acquisition of a portfolio of seven land plots owned by one of of Poland’s largest retail and wholesale press distributors.
Exit through a restructuring and subsequent sale to leading office and residential developers, including Skanska, Buma Group, Matexi, etc.
Single tenant building (9,379 sqm) bought in 2015. Value creation through refurbishment and lease renewal to Microsoft for subsequent 10 years.
Exit through a sale to Generali Real Estate.
Land assembly of several sites strategically located in the Warsaw CBD amounting to 0.8 ha. Value creation through land improvements and legal restructuring and permitting.
Exit through a sale to Skanska Commercial Development.
Single tenant building (16,000 sqm) located in the CBD of Warsaw with short existing lease agreement that was purchased from INVESCO. Project refurbishment and leased to KNF (the securities and exchange commission for Poland) for 10 years.
Exit through a sale to Generali Real Estate.
Multi-tenant building (4,000 sqm) located in CBD of Warsaw.
Exited through a swap transaction with the Holy Trinity Parish of the Lutheran Church of Poland.
The investment was made via land assembly of several sites totalling 65,000 sqm located in Warsaw CBD in order to create a leading mix-use development project. The project involved the execution of a series of independent transactions with various entities as well as land improvements and legal clearance.
Exit through a sale to Echo Investment and EPP.
One of Poland’s leading real estate development and investment companies. Capital Park assembled a prime real estate portfolio of modern class A office and retail assets. Sold to Patron Capital at ~4.0x the initial investment. Today, it manages portfolio of approximately 302,000 sqm with market value of around PLN 2.8bn of which 80% is located in Warsaw.
Acquisition of a nationwide chain of department stores, including the landmark Ściana Wschodnia scheme in Warsaw, which was one of the first shopping malls in Poland, opened in 1969. Value creation through redevelopment into modern retail shopping centres including Renoma in Wroclaw, Supersam in Katowice followed by redevelopment of Ściana Wschodnia itself.
Exited through a swap into Eastbridge (investment partner) shares followed by sale to a number of financial institutions led by Morgan Stanley.
Opportunistic purchase of 72 hectares of strategically located land of the former legendary Gdansk Shipyard. Value created through land development.
Exited through a sale to BALTIC Property Trust.
Student Depot is Poland’s leading student housing developer and operator with over 2,000 beds and set to grow to over 6,500 beds by 2025.
Exited through a sale to Kajima - one of Japan's largest construction and property groups.
Financing provided by PIMCO, Oaktree Capital Management and an affiliate of Cornerstone Investment Management for EPP shares purchase by Redefine Properties of South Africa.
Mezzanine financing provided by an affiliate of Cornerstone Investment Management to Fuzja for a brownfield development in a city center of Lódź which is today, the largest mix-use project city. Successful exit to Echo Investment.
Mezzanine financing provided by an affiliate of Cornerstone Investment Management for the development of a 7 hectare plot in Gdańsk. Fully permitted for residential development land later sold to ROBYG S.A.
Mezzanine financing provided by an affiliate of Cornerstone Investment Management for the development of Feniks, a A class office building located in Warsaw. Cornerstone Investment Management took over the building as the borrower struggled with development process and finally defaulted on the loan. Cornerstone Investment Management leased the building to BOŚ Bank S.A. and successfully exited to IVG A.G. providing investors with equity like overall returns.
Mezzanine financing provided by an affiliate of Cornerstone Investment Management for an office project. Value creation through debt consolidation and change of zoning to residential development allowing an exit to DOM Development.
Financing provided by Cornestone’s affiliate to Waimea Capital Group for the development of two logistic parks and successful exit upon sale to Fortress - Johannesburg Stock Exchange listed REIT.
