Investment fund manager Enterprise Investors, with projects in Central and Eastern Europe, has recently announced the final closing of its latest fund, Polish Enterprise Fund VII (PEF VII), with a value of EUR 314 million, through which it targets medium-sized companies, mainly in Poland.

The PEF VII had its first close in May 2012 and has already made two investments – in a network of radiotherapy clinics (Center for Cancer Diagnostics & Therapy and Nu-Med) and in a sports nutrition company (Scitec), according to the company.

According to Jacek Siwicki, President of Enterprise Investors, the company will continue making equity investments ranging from EUR 20 million to EUR 50 million and, similarly to the previous funds, two-thirds of Polish Enterprise Fund VII will be invested in Poland. “We invest in sectors driven by the convergence of CEE domestic consumption with the ‘old’ EU, such as consumer products and retail, financial services, and healthcare, where we have substantial deal and exit experience. PEF VII will also invest in sectors driven by CEE’s growing internationalization and competitive cost position, for example IT, industrial products and business process outsourcing,” added Jacek Siwicki.

From the previous PEF VI, Romania attracted some EUR 85 million, representing 14 percent of the total of EUR 600 million available, according to local Zf.ro.

In Romania, Enterprise Investors controls several companies, namely Macon construction materials producer, retailer Profi and IT company Siveco.

Irina Popescu, irina.popescu@romania-insider.com