New company in AVALLON MBO FUND II investment portfolio

Lodz, 10th July 2013
New company in AVALLON MBO FUND II
investment portfolio
Private equity fund AVALLON MBO FUND from Lodz, specialising in management buy-out
transactions on the Polish market, awarded in June this year as the 2012 Best Fund is
implementing its second transaction purchasing 100% shares of Otwarty Rynek Elektroniczny
SA from Orange Polska.
On 09th July 2013 AVALLON signed a contract to purchase Otwarty Rynek Elektroniczny SA
shares. The transaction was carried out in cooperation with managers managing the company.
The decision to sell ORE has been made by Orange Polska as a further step in implementing the
strategic plan and focusing on the core activity of the Group.
Otwarty Rynek Elektroniczny company is a leader on the Polish market in implementing
information technologies as a part of Business Process Outsourcing (BPO) aiming at facilitating
management processes within purchases and sale. The basic area of services rendered by the
Company includes consulting in purchase processes management in the company (from support
in developing a purchase strategy to a review of purchase contracts and suppliers’ audit) as well
as monitoring in implementing the company’s original product which is a MarketPlanet
purchasing platform.
MarketPlanet platform consists of nine extensive modules: Purchase planning, Selecting
suppliers, eRFX-electronic invoice, Electronic auctions, Contracts management, Operational
purchases, Reporting and two administrative ones. Each time, implementing individual elements
of the Platform is adapted to individual business and technical requirements of the Company
clients.
AVALLON Fund will actively support development plans of the company Otwarty Rynek
Elektroniczny including extending cooperation with leading world suppliers of technological
solutions in the area of e-procurement, expanding activity to international markets as well as a
dynamic development of MarketPlanet portal.
Michał Zawisza, Partner of AVALLON:
“This has been our second transaction since setting up the second fund - AVALLON MBO FUND II,
dedicated to realization of investments with managers. The company has three assets which we
have noticed as a basis for creating its value: a growth market area – outsourcing, precise
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operation strategy for the next years and a very good, involved and unified Managerial Group
which has been building this company together for over 7 years.
The restructuring area of big holdings, through sale of subsidiaries, not connected with the core
operating activity is one of the most frequent areas of boy-out transactions. We hope that we
will be able to carry out 2-3 more transactions in this area”.
Piotr Matysik, President of the Board of Directors of Otwarty Rynek Elektroniczny SA:
"We are very happy about finalizing the purchase transaction of the company Otwarty Rynek
Elektroniczny SA by AVALLON fund. With our offer we have been on a very attractive market
segment and have built the position of the leader successfully. Partnership with the Fund will
allow us to carry out further steps of our strategy in the area of strengthening competence and
developing tools supporting purchase to pay (P2P) processes.”
Otwarty Rynek Elektroniczny SA – the company has been operating since 2001. Its activity is
based on providing e-auctions services as a part of Business Process Outsourcing (BPO). ORE SA
has a status of OJS eSender allowing participating in European public tenders. Since 2012 it has
been a partner of a leading European supplier of purchase systems software – Ivalua.
AVALLON MBO FUND II – Otwarty Rynek Elektroniczny SA has been the second investment of
AVALLON MBO FUND II, specializing in transactions carried out together with managers,
established in December 2012. AVALLON is a pioneer on the managerial buy-outs market in
Poland and has been operating in this area since 2001. The fund’s investors are international
financial institutions, for example: European Bank for Reconstruction and Development as well
as funds managed by a Swiss company Akina Partners. The Fund invests in various businesses,
mainly in companies with turnover from PLN 50 to 250 million.
In June this year AVALLON MBO FUND was awarded as the 2012 Best Fund in the Medium and
Small Fund category – fund size below EUR 200 million.
More information:
www.avallon.pl
Michał Zawisza
Partner
Mirosław Janicki
Investment Director
AVALLON MBO FUND
AVALLON MBO FUND
Al. Kościuszki 17
Al. Kościuszki 17
90-418 Lodz
90-418 Lodz
e-mail: [email protected]
[email protected]
Press Office:
Joanna Wiśniewska, tel. (042) 630 97 71, tel. 603 896 484, e-mail: [email protected]
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