Warsaw, 26 May 2017 – Polish Enterprise Fund VI (PEF VI), a private equity fund managed by Enterprise Investors, has sold its entire stake in United Oilfield Services, service provider for the European oil and gas industry, to a Polish private investment vehicle (Private Investor III Fundusz Inwestycyjny Zamknięty Aktywów Niepublicznych). The value of the transaction has not been disclosed.

United Oilfield Services is an oilfield service company serving the onshore oil and gas industry in Poland and other European markets. In 2012 in exchange for a minority stake PEF VI provided the company with USD 28 million of equity financing.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised eight funds with total capital exceeding EUR 2 billion. These funds have invested EUR 1.7 billion in 137 companies across a range of sectors and exited 121 companies with total gross proceeds of almost EUR 3.4 billion.

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