| Project Detail |
Location:
Poland
Project number:
54939
Business sector:
Manufacturing and Services
Notice type:
Private
Environmental category:
B
Approval date:
15 Sep 2023
Status:
Signed
PSD disclosed:
15 Jan 2024
An equity investment of up to EUR 20 million in Innova Central Holding SCA, a controlling entity of Bielenda Kosmetyki Naturalne S.A. ("Bielenda", the "Company"), the largest Polish manufacturer of facial care products and other cosmetics. The Banks funds, together with additional equity contributions from Bielendas existing shareholders, will be used to support Bielendas growth through financing the acquisition of Torf Corporation, a Polish cosmetics manufacturer with a complementary portfolio. The transaction will help reinforce Bielendas position as the leading local player in the Polish health and beauty sector.
Project Objectives
The project will support Bielendas plan of strengthening its position as a successful domestic cosmetics manufacturer in Poland, laying the foundations for the companys dynamic growth in the country and abroad and improving its competitiveness in the uncertain business environment. It will also support the private equity ecosystem in Poland during a period of reduced liquidity and increased investor risk aversion, contributing to the resilience of the capital markets. |
