Enterprise Investors to support Sescom's dynamic growth
Enterprise Investors Fund IX (EIF IX) has signed an agreement to buy out a majority stake in Sescom, a facility management provider servicing the modern retail sector. Sescom is the undisputed leader in the Polish market and is successfully strengthening its position in Western Europe, with operations across 27 countries. Its customers include such established brands as Douglas, Rossmann and Mango.
· The planned EUR 24.7 million investment will give the fund a majority stake in Sescom, once the current majority shareholders acting in concert have, i.a., completed a squeeze-out;
· The fund, acting in agreement with Sescom’s founder and CEO Sławomir Halbryt, aims to speed up the company’s dynamic growth through foreign expansion. To this end, EI will provide additional equity to Sescom and plans its delisting;
· The transaction is subject to the necessary regulatory approvals.
Source: https://www.ei.com.pl/pl/
May 17, 2024
Sescom was founded in 2008 by Sławomir Halbryt, who has played a key part in its success to date – from winning the first client through to formulating a clear business plan based on technological solutions and specialization in the retail sector. The company leads in Poland’s facility management market, is considerably strengthening its position in Germany and Austria, and – since acquiring a British competitor in 2023 – is expanding dynamically also in the UK.
Sescom’s high service quality is rooted in its effective management, professional know-how and successful integration of experience and technology. Thanks to this, its client portfolio contains close to 100 recognized brands and its technical teams serve more than 40,000 stores across Europe. Management’s effectiveness is borne out by the sound financial results Sescom achieved in the last fiscal year, when its revenues reached EUR 54 million.
"What drew our attention to Sescom was its attractive market requiring a combination of superior technical expertise with experience and mobility. We are highly impressed by the systematic growth of Sescom’s customer base, made up of companies that are European leaders in their respective segments and that demand the highest standards of service. All this, combined with the successful UK acquisition, allows us to plan the company’s further dynamic expansion,” said Sebastian Król, Enterprise Investors partner responsible for this investment. He added: "Operational effectiveness is one of the key factors we look at when choosing our business partners. We believe Sławomir Halbryt and his team have built a very effective business model that is proving itself both at home and internationally.”
The company’s founder and CEO Sławomir Halbryt commented: “One of our priorities is to skillfully combine the advantages of a large international player with the elasticity and agility of a small company. This approach enables us to maintain a fresh outlook and flexibility in building our offer while taking advantage of opportunities that present themselves in the market. Both we and the Enterprise Investors team assume that Sescom’s organic development will lead to rapid value growth and that further market consolidation will accelerate this process.”
Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised ten funds. These funds have invested and committed EUR 2.3 billion in 156 companies and exited 139 companies.