Enterprise Investors

Enterprise Investors is the oldest and one of the largest private equity firms in Central and Eastern Europe, headquartered in Warsaw, Poland. Established in 1990, the firm specializes in mid-market succession-driven buyout transactions and provides expansion financing to high-growth enterprises. It focuses on investing in medium-sized companies across various sectors, including consumer goods and retail, financial services, IT, industrial products, business process outsourcing, and healthcare. Over its operational history, Enterprise Investors has raised eight funds, amassing total capital exceeding EUR 2 billion, and has invested approximately EUR 1.7 billion in 137 companies.

Rafał Bator

Partner

John P. Birkelund

Co-Founder

Stanislaw Knaflewski

Partner

Agnieszka Kowalska

Partner

Jakub Kuberski

Partner

Bartosz Kwiatkowski

Partner

Dariusz Pietrzak

Vice President

35 past transactions

eTravel SA

Private Equity Round in 2025
eTravel is the biggest Polish business travel management company.

Sescom

Acquisition in 2024
Sescom redefines the role of Facility Management in the Retail Chain Store market. We currently deliver our solutions to over 34 000 chain facilities in Europe. Sescom sees how Facility Management is evolving to support chain stores to an increasingly greater extent. It is now not only about ensuring operational effectiveness but also helping to differentiate brands and supporting business development. We combine safety, wide-scale operations and high quality-standards with custom-made projects and creative solutions.

Goodspeed

Private Equity Round in 2023
Goodspeed is a specialized logistics service at controlled temperatures for dietary catering businesses. The organization's unique know-how and market-specific logistics technologies (including its own IT platform) allow it to maintain the highest level of service quality while also optimizing logistics chain efficiency.

FinGo

Private Equity Round in 2021
Fingo is a multichannel financial intermediary of financial products and services. Fingo is also a comparator of mortgages, investments, and insurance.

Snap Outdoor

Acquisition in 2021
Snap Outdoor is a Polish distributor specializing in outdoor and climbing gear. The company supplies a variety of products, including climbing equipment, tools for working at heights, trekking shoes, and hiking accessories. By serving mountain shops, climbing walls, rope parks, and high-rise companies, Snap Outdoor aims to provide comprehensive and dependable service to its customers, ensuring they have access to leading brands in the outdoor sports industry.

Modular System

Private Equity Round in 2021
Modular System is a manufacturer specializing in utility containers and modular construction utilizing steel frame technology. The company is recognized as a leading provider of temporary buildings in the non-residential sector. Operating in markets such as Ukraine, Sweden, Austria, Germany, and Switzerland, Modular System offers a range of mobile products, including residential, construction, military, and office containers. Clients can purchase customized solutions tailored to their specific technical and system requirements, making Modular System a versatile choice for various applications.

Software Mind

Private Equity Round in 2020
Software Mind is a global IT services and software company based in Krakow, specializing in providing software engineering solutions to small and medium-sized businesses. The company reimagines development teams that oversee the entire software lifecycle, from initial ideation to implementation. By leveraging advanced technologies such as cloud computing, artificial intelligence, and data science, Software Mind aims to enhance digital transformation and improve software delivery for its clients. Additionally, it offers dedicated IT services that support business relationship management and customer intelligence, while also organizing software production processes and conducting quality audits. This comprehensive approach helps clients achieve scalability and drive growth in their operations.

Unilink SA

Private Equity Round in 2018
Unilink is the Insurance Multi-agency offering a full range of motor and property insurance as well as health and life insurance. Unilink has been operating on the market continuously for 16 years, initially as a leading distributor of consumer loans, and for 8 years we have been focusing on the sale of insurance through a nationwide network of Insurance Agents. Today, just after eight years from the start of operations in the area of ​​insurance, we can boast the largest agency network in Poland and the largest premium. Unilink focuses on organic growth, but is also a pioneer of growth through acquisitions.

Studenac

Acquisition in 2018
Studenac is a retail chain based in Omis, Croatia, operating more than 360 stores and supermarkets. The company specializes in the distribution of a diverse range of food products, focusing on affordability for its customers. With a workforce exceeding 2,500 employees, Studenac encompasses various roles, including those within its sales outlets and management. The company emphasizes smaller format retail and wholesale stores, catering to the needs of local communities.

CBA Slovakia

Acquisition in 2017
CBA Slovakia, a.s. is an independent food retailer based in Lucenec, Slovakia. Established in 2003, the company specializes in owning and operating a network of convenience stores and supermarkets throughout the country. CBA Slovakia focuses on providing a diverse range of food products and aims to cater to the needs of local communities.

Jantoń

Acquisition in 2017
Jantoń is a producer of alcoholic beverages based on grape and fruit wines. Jantoń S.A SpK is the largest wines manufacturer in Poland. Our main business activity is production, import and export of wine. Among many others, in our portfolio you will find: grape wine, imported from all over the world, sparkling wines, vermouths, mulled wines, ecological wines, dessert wines and fruit wines. Apart from wine products, we also specialize in production of RTD drinks and alcoholic drinks.

intive

Acquisition in 2016
Intive is a global technology company headquartered in Munich, Germany, specializing in digital strategy and software development. With over 20 years of experience, it offers a range of services including product design and engineering, quality assurance, and maintenance support. Intive serves various sectors such as automotive, finance, healthcare, high tech, industrial, lifestyle, media, retail, and telecommunications, providing innovative digital products that emphasize user-centric design and business value. The company has built a strong reputation by collaborating with leading brands like Audi, BASF, and BMW, and is committed to creating sustainable impacts through its digital solutions. With a diverse team of over 3,000 professionals, Intive operates across Europe and the Americas, leveraging expertise in areas like artificial intelligence, cloud computing, and the Internet of Things.

3S S.A.

Acquisition in 2015
3S S.A is a telecommunications business in southern Poland. 3S SA builds fiber-optic infrastructure and provides a wide range of telecommunications services to business customers, including telecom operators. Its offer includes fiber leasing, data transmission, internet access services and telephone connectivity. 3S has a 2,700 km fiber-optic network in southern Poland, and uses a 2,200 m2 data center in Katowice that is developed and managed by its subsidiary. The combination of a modern, technologically homogeneous network covering most of Upper Silesia with a high-end data center gives the company a competitive edge in the region and an important position nationally. Owing to the high quality of its services the company has succeeded in building a database of more than 1,300 business customers. 3S SA also has a 50% stake in a company that has created an interactive cable television and services for ISPs.

JS Hamilton Poland

Private Equity Round in 2014
JS Hamilton Poland specializes in laboratory inspection and testing services for a diverse range of industries both in Poland and internationally. The company provides analytical services for products including food, pharmaceuticals, cosmetics, packaging, chemicals, minerals, and fuels. Additionally, it conducts environmental testing on samples such as water, sewage, and soil, along with offering environmental documentation services. JS Hamilton Poland aims to ensure the quality and safety of products through comprehensive evaluations, marketing research, and inspections. Its extensive service portfolio also includes technical certification, fumigation, and fuel control, catering to clients throughout Central and Eastern Europe.

Tahe Outdoors

Private Equity Round in 2014
Tahe Outdoors manufactures and distributes water sports equipment in Europe. It offers kayaks and canoes, polyethylene boats, wooden oars and paddles

Danwood

Acquisition in 2013
Budimex Danwood Sp. z o.o. is a Polish company specializing in the construction of prefabricated timber houses. It offers a range of services that include designing custom homes utilizing modern technology, with sizes ranging from 80 to over 300 square meters. The company's designs are diverse in both functionality and aesthetics, catering to local preferences and standards within the Polish construction sector. In addition to its domestic market, Budimex Danwood also sells its homes in several European countries, including Germany, Austria, the United Kingdom, and Ireland.

NU-MED Group

Private Equity Round in 2013
Nu-Med Grupa SA offers radiotherapy services.

EP Serwis

Private Equity Round in 2013
EP Serwis is a Polish company specializing in pallet handling and services. It is recognized as the first in Poland to introduce an innovative open pallet pool service. The company offers a comprehensive range of services including the repair of wooden pallets, both stationary and mobile, as well as pallet delivery, exchange, and repurchase. Additionally, EP Serwis focuses on the recycling of used wooden pallets and the production of pallet components, effectively addressing the needs of its customers while promoting sustainability in pallet management.

BLStream

Private Equity Round in 2012
BLStream is a trusted digital strategy and software development partner for world leading communication, consumer and entertainment brands. engage in digital strategy and software development for communication, consumer, and entertainment applications.

United Oilfield Services

Acquisition in 2012
United Oilfield Services is a newly established Polish oil-services company focused on delivering seismic, drilling, and completion services to the oil and gas exploration and production sector. The company aims to introduce modern equipment and advanced technology to the Polish market, catering to both conventional and unconventional hydrocarbon resources, including tight gas and shale gas. United Oilfield Services specializes in hydraulic fracturing, well stimulation, well testing, and seismic data acquisition, providing essential services to enhance extraction processes. The founders bring extensive experience from the oil and gas service industry in the United States, along with a proven record of success in building oilfield service companies.

Wento

Private Equity Round in 2012
WENTO is investing mainly into medium size (20-100 MW) wind farm projects, where its equity used during the construction phase of a fully developed wind farm project, creating in this way tangible assets, which can be sold to strategic investors, such as local and foreign utilities, or financial investors, interested in holding of such assets for longer term.

Scitec Nutrition

Acquisition in 2012
Scitec Nutrition, based in Budapest, Hungary, is a prominent global brand in the sports nutrition sector, offering an extensive range of over 700 product formulations, which include protein powders, protein bars, weight gain shakes, creatine, and various health supplements. The company distinguishes itself by formulating and producing all of its products in-house, ensuring high quality and consistency. With a state-of-the-art manufacturing facility and a dedicated workforce of over 600 employees, including 41 lab technicians and formulators, Scitec Nutrition produces more than 15,000 tons of protein powders each year. The brand has established a strong international presence, distributing its products in over 90 countries and utilizing 135 proprietary flavoring systems to enhance its offerings.

Netrisk

Acquisition in 2011
Netrisk is a Hungarian online insurance broker that operates under a one-stop-shop model, specializing in various types of insurance including car, home, travel, and accident coverage. The company leverages an online insurance portal that allows users to compare services and prices, facilitating the activation of their chosen insurance policies. Netrisk's growth potential is supported by favorable market conditions and a shift in consumer behavior towards online shopping. The company's expertise in the insurance sector further enhances its ability to meet the evolving needs of customers in a digital landscape.

Nortal

Series A in 2010
Nortal is a professional services company focused on digital transformation, aiming to create a seamless society. It specializes in strategy and technology consulting, offering a diverse range of services such as user experience and design, software development, system integration, application management, and enterprise content management. The company leverages open-source technologies and optimization techniques to assist clients in bridging the gap between strategy and implementation, ensuring a cohesive approach to their digital initiatives.

Dino Polska

Private Equity Round in 2010
Dino Polska S.A. operates a chain of mid-sized grocery supermarkets across Poland, offering a diverse range of products, including fresh produce, dairy, meat, bakery items, and various non-food products such as cleaning agents and pet supplies. The company also engages in the production, processing, and preservation of meat, alongside activities related to real estate investments, the retail sale of automotive fuels, and warehousing services. Founded in 2007 and headquartered in Krotoszyn, Dino Polska has rapidly expanded its presence in the market, becoming one of the fastest-growing chains in the proximity supermarket segment. By mid-2019, the company had established over 1,300 stores, positioning itself as a significant player in Poland's food retail sector.

Smartree

Acquisition in 2010
Smartree processes and administrates 600.000 employees annually, within a mainly international portfolio consisting of 150 companies and covers the country through its offices in Bucharest, Brasov, Pitesti, Timisoara and Constanta. Smartree is defined by high quality services, employees’ receptive and communicative attitude towards clients, competency and responsibility.

Profi Rom Food

Acquisition in 2009
Profi Rom Food is a modern retail network with the widest geographical spread in Romania, having strong presence in almost 250 cities.

Kofola Spolka Akcyjna

Private Equity Round in 2008
Kofola Spolka Akcyjna is a Major producer of soft drinks in Central Europe.

Sklepy Komfort

Acquisition in 2007
Sklepy Komfort S.A. is a retail chain based in Lodz, Poland, specializing in the sale of a wide range of flooring products and related services. The company offers an extensive selection that includes tiles, laminate flooring, carpets, rugs, and hardwood floors, as well as furniture for bathrooms and kitchens. In addition to its product offerings, Sklepy Komfort provides expert advice and services concerning the installation and maintenance of flooring and doors, along with designing and sewing window decorations. This comprehensive approach positions the company as a one-stop shop for customers seeking quality flooring solutions and home decor.

AVG Technologies

Private Equity Round in 2005
AVG Technologies offers anti-virus software for both individual and business computer users around the world. It develops solutions for various platforms, including PC, Mac, Android, iPhone, and iPad. The company’s consumer focus includes digital protection, performance, and privacy for individuals and families, with Location Labs providing further depth in AVG’s mobile safety and security services. AVG Business includes cloud-based security and management platforms, in addition to products and services designed to protect small businesses. The company’s portfolio of products includes AVG Protection FREE, AVG Protection PRO, AVG AntiVirus FREE, AVG AntiVirus, AVG Internet Security, AVG Performance FREE, AVG Performance PRO, AVG PC TuneUp, AVG Driver Updater, AVG Web TuneUp, and more. AVG Technologies was founded in 1991 and is headquartered in Amsterdam, Netherlands.
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