| Project Detail |
Location:
Poland
Project number:
55210
Business sector:
Manufacturing and Services
Notice type:
Private
Approval date:
21 Feb 2024
Status:
Disbursing
PSD disclosed:
02 May 2024
An equity investment of up to EUR 16.7 million in 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, will be used to support Bielendas growth through financing the acquisition of Kanani Europe Sp. z o.o., the owner of complementary portfolio of skin care cosmetics for women under "Miya" brand.
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 private equity ecosystem in Poland during a period of reduced liquidity and increased investor risk aversion and contributing to the resilience of the capital markets. |
