www.ei.com.pl

PEF VII, a private equity fund managed by Enterprise Investors, together with its minority co–investor, Morgan Stanley Alternative Investment Partners, has acquired a significant majority stake in Scitec Holding BV, a leading international sports nutrition company. The value of the transaction and percentage acquired were not disclosed.

Scitec Holding BV (“Scitec") produces and sells a wide variety of sports nutrition products, primarily under the Scitec Nutrition® brand. Originally founded in the USA, the company currently has a significant market presence in Europe and has an extensive international sales reach, with its products available in more than 70 countries. Scitec’s products are well known among sports enthusiasts for their high quality and effectiveness.

Scitec is a leading player in the fast-growing sports nutrition market, where products such as protein supplements have been quickly increasing in popularity in recent years across the globe. The company has more than 20 years of experience in the sports nutrition sector.

“Scitec has built a strong reputation with the users of its sports nutrition products over the past two decades. The company delivers true quality and reliability in a market where users know what they want, and Scitec supports this with a heavily customer-focused business model. We believe Scitec has the right mix of experience and talent to continue its fast growth and we are ready to support the company’s further development," said Robert Manz, Managing Partner of Enterprise Investors, who leads the investment.

Zsolt Bengyel, Scitec’s founder, who remains a minority shareholder following the transaction, said, “Scitec welcomes the involvement of Enterprise Investors and its co-investor, which we believe can provide important know-how and resources for the further expansion and growth of our company. I look forward to our cooperation and to making Scitec the global leader in sports nutrition."

Enterprise Investors is a leading European private equity and venture capital firm. Active since 1990, the firm has raised eight funds with total capital of €2 billion. These funds have invested €1.6 billion in 128 companies across a range of sectors and exited 96 companies with total gross proceeds of €1.8 billion. The funds currently hold investments in 32 companies.

Enterprise Investors was advised on the transaction by White & Case and Ernst & Young. The seller was advised by Deloitte and Baker & McKenzie.

For further information please contact:
Enterprise Investors
Robert Manz, Managing Partner, tel. (+48 22) 458 85 00
Iwona Drabot, PR Director, tel. (+48 22) 458 85 00