Bogdan and Elżbieta Kaczmarek together with Innova Capital, through an investment vehicle Breticontic Investments, have agreed to acquire 100% of Pfleiderer Polska in a corporate carve-out transaction from Pfleiderer Group owned by funds managed by affiliates of Strategic Value Partners. The transaction is expected to close in the first half of 2024, subject to receipt of required regulatory approvals as well as other customary closing conditions.
Pfleiderer Polska produces premium and high-quality wood-based panels, with customer-focused service and a consistent sustainability orientation. The business has three production facilities, including Pfleiderer Grajewo, Pfleiderer MDF Grajewo and Pfleiderer Wieruszów.
Pfleiderer Group is 100% owned by funds managed by Strategic Value Partners, a global investment firm.
Miguel Kohlmann, Chairman of Pfleiderer Group, said: “After a long history as part of the Group, today’s announcement formally separates Pfleiderer’s German and Polish panels activities. We see the investment from Kaczmarek Family and Innova Capital as a strong vote of confidence in Pfleiderer Polska’s strategy and business model, the recognition of its client relationships and the quality of the management team and broader employee base. This divestment will not affect the remaining activities of the Group, which include Pfleiderer Deutschland and Silekol in Poland.”
Bogdan and Elżbieta Kaczmarek, who team up with Innova Capital in this transaction, are private investors and owners of Central European manufacturers of quality furniture and mattresses.
“Competition is humanity’s greatest drive. Our goal is to further enhance Pfleiderer Polska’s development within the Polish market of wood-based panels, which is central to Europe’s furniture industry. As new shareholders in the Company, we intend to invest in state-of-the-art technologies and to widen production capabilities. Our focus will be on improving efficiency and implementing green transformation projects,” commented Bogdan Kaczmarek.
The deal is fourth transaction executed by Innova Capital’s newest Innova/7 fund which has raised over Euro 350 million in the last 12 months.
