Mid Europa Partners, a private equity firm focused on buyouts in Central and Eastern Europe as well as Turkey, said Monday that it has acquired Polskie Koleje Linowe S.A. No financial terms were disclosed. Based in Poland, PKL is a cable car and ski slope service provider.
Mid Europa Partners (“Mid Europa”), the leading private equity firm focused on buyouts in Central and Eastern Europe and Turkey, announced today that together with the four Tatra communities, it has successfully completed the acquisition of a 100% stake in PKL S.A. (“PKL” or the “Company”).
PKL is the largest and the oldest cable car, funicular, ski lift and ski slope service provider in Poland with presence in six locations in the Polish mountains, including flagship operations at Kasprowy Wierch and Gubalowka in Zakopane.
The transaction has been completed through Polskie Koleje Gorskie (“PKG”), an entity that was established by the Tatra communities to participate in the PKL privatisation process. Prior to closing of the transaction, Mid Europa became PKG’s majority shareholder.
Mid Europa and the local communities are committed to pursue a co-ordinated growth strategy for the business and expand it, both organically and through acquisitions, in order to strengthen its market position and leverage the consolidation potential.
ABOUT MID EUROPA PARTNERS
Mid Europa Partners is a leading independent private equity firm focused on Central and Eastern Europe and Turkey. Operating from London, Budapest, Warsaw and Istanbul, Mid Europa Partners advises and manages funds of approximately €3.2 billion in aggregate. The Mid Europa Partners team has been investing in the region since 1999.