Leading Polish bake-off bread producer.
Investor: Fund co-managed by CVI Dom Maklerski
Industry: Baking industry
Year of investment: 2015
Year of exit: –
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
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