logo nowel

Leading Polish bake-off bread producer.

Investor: Fund co-managed by CVI Dom Maklerski

Industry: Baking industry

Year of investment: 2015

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Company

Nowel is family controlled bake-off bread producer. Nowel products are characterised by highest quality, they are produced only from natural ingredients (so called “clean label”). Production is located into two modern plants in Legionowo and Michałów. Nowel supplies its products to mainly the modern channel. Export stands for 25% of the sales. 

In 2014 - 2017, the company has invested more than PLN 100 MPLN into state of the art production lines.

The Fund actively supports Company within numerous operational and strategic initiatives. Thanks to cooperation with the Fund Nowel became one of the leading producer of bake-off bread in Poland.

Growth

wykres nowel eng

Main objectives of the funding

  • CAPEX financing (new production lines)
  • Working capital enhancement
  • Financing structure optimization

Achievements of the company

  • Dynamic sales and EBITDA growth
  • New products development
  • Enter into new distribution channels in the hotel, restaurant and catering industry (HoReCa)

~84%
EBITDA growth

>2x
production capacity growth 

 

Value added by PE/VC fund

  • Financing structure optimization
  • Corporate governance implementation
  • Support in analysis of strategic options for growth in Poland and export expansion
  • Fund strengthened Supervisory Board with industry expert
  • New product development