- Raiffeisen advised on sale of Eolica Kisielice Sp zoo to Impax Asset Management Group plc
- Raiffeisen advised AFG Arbonia-Forster-Holding on acquisition of a leading windows manufactures in Poland - Dobroplast
Warsaw – Raiffeisen Investment had a successful start in 2013 as it could close to major mergers & acquisitions (M&A) deals in Poland. In early March, Impax Asset Management Group plc, the listed UK based asset management company that manages listed and private equity funds investing in clean energy, acquired Eolica KisieliceSp zoo, the Poland based owner and operator of wind parks, from Fersa Energias Renovables SA, the listed Spain based renewables energy generation group of companies, for an equity consideration of EUR 28m.EolicaKisielice owns Kisielice project, composed of a 24-MW wind park, which is already operating, and an 18-MW facility pending construction works, both located in Kisielice, northern Poland.
Raiffeisen Centrobank jointly with its subsidiary Raiffeisen Investment Poland and Lazard acted as financial advisors to Fersa Energias Renovables SA. According to MaciejPtak, Managing Director of Raiffeisen Investment Poland, this deal adds a milestone to the M&A advisor’s reference list in Poland: “Although Raiffeisen Investment is involved in a variety of different energy transactions in Central and Eastern Europe and Turkey, this sell-side mandate certainly was one of the most interesting ones in the last months as it was the first M&A transaction for Raiffeisen in the Polish wind energy sector. We could prove once more the excellent position of our energy team in CEE renewables market as well as our local strengths,” says Ptak.
Moreover, in late February, AFG Arbonia-Forster-Holding, the listed Swiss based company that operates in the field of construction materials, acquired Dobroplast Fabryka Okien i Drzwi, a leading polish manufacturer of PVC windows and doors.
Dobroplast, with sales exceeding Euro 75m is one of the largest PVC windows producers in Poland with the leading position on the Polish market.
Raiffeisen Investment Poland acted as thesole financial advisors to AFG. As indicated by Maciej Ptak, Managing Director of Raiffeisen Investment Poland, “this deal was another proof of excellent market expertise that could be offered to our clients, especially in cross border transactions. We are happy and proud that we could assist AFG in their first step into Poland and we believe that this transaction will have significant impact on the Polish windows market.”
About Raiffeisen Investment
Raiffeisen Investment Poland, an investment banking arm of Raiffeisen Centrobank and Raiffeisen Bank Polska, is a leading M&A advisor in Central Eastern Europe and Turkey. The guiding principle in our core fields of business Mergers&Acquisitions, Equity Capital Markets (ECM), Privatisations, Structured Transactions, Private Placements and Merchant Banking is to act in the best interests of our clients at all times. We do this by giving impartial advice and by combining top-level industry sector expertise of Raiffeisen Centrobank (Consumer Goods, Agro & Retail, Energy/Utilities, Financial Sponsors, Industrials, Life Sciences, Telecoms Media Technology) with local know-how through our Raiffeisen Investment network with more than 15 Country Offices. Our growing reputation and years of success mean that we have become the advisor of choice for transactions in emerging Europe.
For further Deal information please contact:
Mr. Jaroslaw Kowalewski
T +48 223 756 959
E j.kowalewski(at)raiffeisen-investment.com
Press contact:
Andrea Pelinka-Kinz
T +43 1 51520 614
M +43 664 88777 614
E andrea.pelinka-kinz(at)rcb.at
