Polish private equity fund Enterprise Investors is currently exploring all the strategic options it has for retailer Profit, which it acquired in 2011.
The fund has hired Citi Corporate and Investment Banking to assess the current market situation and potential scenarios for the company’s future development.
EI took over Profi 2009 for EUR 66 million and injected another EUR 10 million in the retailer in 2011. The company controlled 67 stores at the moment of the acquisition and in this year it should reach 500.
In 2015, Profi’s revenues amounted to EUR 565 million. The retailer currently employs close to 10,000 people.
EI has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 136 companies across a range of sectors and exited 112 companies with total gross proceeds of EUR 2.3 billion.
Profi is owned by Polish Enterprise Fund VI.