Investments
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.
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 2015The 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.
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.
Southern Wind Farm
Sector: Energy
Location: Poland, Zopowy
Date of investment: June 2015The 30 MW Southern wind farm project utilizes 2MW G90 wind turbine generators, made by Gamesa, now part of Siemens.
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).
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.
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.
Polenergia
Sector: Energy
Location: Poland, Warsaw
Date of investment: August 2014
Date of Exit: February 2021Polenergia 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.
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.
Invitech
Sector: Telecommunications
Location: Hungary, Budapest
Date of investment: March 2017Invitech is a leading provider of communications infrastructure and services to 6,000 business and wholesale customers in Hungary. Originally The Fund invested in Invitel Group but in 2018 it divested the B2C arm to Digi Hungary. Invitech’s products include high speed connectivity, datacenter, cloud, voice and IT services. Invitech’s infrastructure includes 10,450 route kilometers of fiber network, 6,500 on-net buildings and Datacenters for over 3,000 square meters. Invitech provides IT management and support for 23,000 customer end user devices.
EuroWagon
Sector: Railway rolling sock
Location: Poland, Poznan/Warsaw
Date of investment: October 2018EuroWagon was established in 2018 with a consolidation of several wagon pools to create the first independent rolling stock company (ROSCO) in Poland. EuroWagon’s activities include railcar management, maintenance and rental to freight companies and industrial clients. The initial fleet consists of several hundred railway wagons operated in Poland and neighbouring countries.
Flash Lighting Services
Sector: Lighting / smart city / energy efficiency
Location: Romania, Bucharest
Date of investment: December 2018Flash Lighting Services is a market leader in design, construction and management of smart lighting systems. The company provides public space, festive and architectural lighting solutions to municipalities in Romania. It manages over 24,000 lighting fixtures through telemanagement solutions. Other significant capabilities lie in traffic management solutions, industrial and stadium lighting.
Bristol Logistics SA
Sector: Agriculture, Logistics
Location: Romania, Bucharest
Date of investment: July 2019Bristol Logistics is an integrated, nation-wise logistics platform providing grain handling services throughout Romania. The backbone of the company is a network of 16 logistics hubs with multi-modal connectivity spread across Romania’s most productive agricultural regions. Bristol Logistics, an open platform which serves both traders and farmers, specialises in bespoke services tailored to our clients’ needs, allowing them to focus on their core business while we handle the complexities of grain logistics and storage. Bristol Logistics was formed through a partnership between CEE Equity Partners and a local industry expert with over 20 years’ experience in the Romanian agricultural sector.
FarmaVet-Pasteur group
Sector: Pharmaceuticals
Location: Romania, Bucharest
Date of investment: September 2019FarmaVet-Pasteur group (the “Group”) is Romania’s leading animal vaccines and pharmaceuticals manufacturer. The Group produces a diverse portfolio of over 400 products in three GMP certified facilities located in Bucharest and Filipesti.
The Group has over 140 retail units selling to farmers and pet owners, and sells directly to larger farms and 3rd party distribution outlets. It exports through international business partners.