Investments
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Bioton S.A.
Sector: Biotechnology, Pharmaceuticals
Location: Poland, Macierzysz
Date of investment: July 2015Bioton S.A. is listed on the Warsaw Stock Exchange
In 2015 China-CEE Fund acquired 13.2% of shares in Warsaw Stock Exchange listed Bioton S.A.Bioton S.A. is a biotechnology company that specialises in drug development and manufacturing, with its current core products being recombinant human insulin and diet supplements. The company was founded in 1989 and subsequently listed on the Warsaw Stock Exchange in 2005. It currently sells in Poland, China, Russia, Thailand and Egypt, among others. Research and development competence in biotechnology has enabled the development of a next generation insulin analogue, and the Company’s R&D at present focuses on analogue insulin registration.
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Wróblew Wind Farm
Sector: Energy
Location: Poland, Wroblew
Date of investment: September 2014
Date of Exit: January 2015
Co-Investor(s): Enlight Energy, GEO Renewables
The 36 MW Wroblew wind farm is based on Vestas V90 2MWwind turbine generators. The Fund acquired 50.01% of the Wroblew wind farm in a partnership with. Enlight Energy, the renewable energy subsidiary of Eurocom Communications. Enlight is listed on the Tel-Aviv Stock Exchange. The wind farm was developed by GEO Renewables. -
Korytnica Wind Farm
Sector: Energy
Location: Poland, Korytnica
Date of investment: March 2015
Co-Investor(s): GEO RenewablesThe 82.5 MW Korytnica wind farm is based on 3.3MW V126 wind turbine generators, which are manufactured by Vestas. Korytnica is one the largest wind plants in Poland and supplies power to Warsaw, Poland’s capital city.
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Energy 21
Sector: Energy
Location: Czech Republic, Prague
Date of investment: December 2015Energy 21 is the leading independent operator of photovoltaic plants in the Czech Republic with an aggregated installed capacity of 61 MW. The company owns and operates 33 solar parks, making Energy 21 the largest independent photovoltaic platform in the CEE region.
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Southern Wind Farm
Sector: Energy
Location: Poland, Zopowy
Date of investment: June 2015
Co-Investor(s): GEO RenewablesThe 30 MW Southern wind farm project utilizes 2MW G90 wind turbine generators, made by Gamesa, now part of Siemens.
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Electronic Control Systems S.A.
Sector: Construction Services (Telecommunications)
Location: Poland, Balice
Date of investment: January 2015Electronic Control Systems is one of the leading engineering companies in Poland providing services for the telecommunications sector. The company provides turnkey services for mobile operators in Poland and several other foreign markets (construction works, acquisition of locations and securing permits, building networks and installations, optimisation of RANs, networks tests, electromagnetic field measurements and traffic maintenance and management).
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Walltopia
Sector: Specialised Manufacturing
Location: Bulgaria, Sofia
Date of investment: August 2015
Co-Investor(s): BlackPeak Capital; founding shareholders retain majority stakeWalltopia (founded in 1998) is the world leader in climbing wall design and manufacturing, with more than 1500 projects worldwide and over 270,000 sq. metres/2,906,000 sq. feet climbing surface designed, engineered, produced and built. Walltopia changed the industry by introducing a system of pre-fabricated, detachable modules in various shapes and colours, which are then simply bolted together on-site. The company is led by two Bulgarian entrepreneurs: Ivaylo Penchev and Metin Musov. Walltopia has successfully executed contracts in over 50 countries in all continents.
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Budapest Metropolitan University (MetU)
Sector: Education and Training Services
Location: Hungary, Budapest
Date of investment: December 2014Budapest Metropolitan University (MetU) was established in 2000 with state accreditation. The University has continued to grow, and in 2010 saw a major expansion of their educational portfolio – making MetU the largest private University in Hungary. MetU provides practice-oriented education, keeping in mind the needs of the rapidly changing job market. The University offers BA and MA degrees to Hungarian and international students in Communications, Business, Tourism and Applied Arts.
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Polenergia
Sector: Energy
Location: Poland, Warsaw
Date of investment: August 2014Polenergia S.A. is listed on the Warsaw Stock Exchange; Kulczyk Investments holds a majority stake.
Polenergia is a Polish independent power utility that comprises vertically integrated companies active in conventional and renewable power generation, as well as distribution and sale of electricity. Polenergia has a total of 369 MW of installed capacity, of which 245 MW come from wind farms. Polenergia also owns and operates a Combined Cycle Gas Turbine power plant with a capacity of 116MWe, 70MWt and a number of other small scale energy projects such as local CHP plants and pellet production. The Company has local energy distribution networks across Poland, as well as an energy trading company.
Polenergia holds a portfolio of on-shore wind farms in the development phase, of which 216 MW are fully permitted with ready-to-build status. The development pipeline also includes off-shore wind farm projects on the Baltic Sea with the total power generation of 1.2 GW, planned for commissioning in two stages by 2022 (600MW) and 2026 (600MW). Polenergia furthermore holds development projects of a 150km gas interconnector from Germany to Poland, 31MW biomass CHP and the Elektrownia Polnoc 800MW coal-fired power project.
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Javna Razsvetljava
Sector: Lighting / signalling / energy efficiency
Location: Slovenia, Ljubljana
Date of investment: December 2016
Co-Investor: ManagementJavna Razsvetljava is the market leader in design and implementation of public lighting and signalling solutions, including Energy Service Company (“ESCO”) based contracting, in Slovenia. The company also provides management services for such infrastructure, currently having 21 municipalities as clients.
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Invitel Group
Sector: Telecommunications
Location: Hungary, Budapest
Date of investment: March 2017Invitel Group consists of three pillars: Invitel Telecommunications Ltd., Invitech Solutions Ltd., and Invitel Central Services Ltd. Invitel serves residential and SME customers with phone, internet and TV products, while Invitech Solutions offers a wide range of communications and IT services for large enterprises and institutions. The Group has over 20 years of experience on the Hungarian market and serves close to 500,000 residential and SME customers, 6,000 corporate and institutional clients and 250 wholesale partners. It aims to make even the most up-to-date technologies accessible in day-to-day life, placing its clients and partners in the focus of its operation.