CVC Capital Partners Zl1.41 billion acquisition of PKP Energetyka

Overview:

• Private equity firm CVC Capital Partners and its portfolio company, Caryville Investments, has acquired PKP Energetyka—a major electricity seller including electric traction power for rail carriers—from Polish State Railways for Zl1.41 billion ($345 million).
• The deal was CVC's first stand alone, direct investment in Poland and it aims to expand its business and on the ground presence.
• CVC has a track record of investing in regulated industries and strategic assets across Europe, such as Inalta, Evonik, and Delachaux.
• PKP Energetyka is a cross-country electricity distributor to the Polish railway network and to other customers. It also provides nationwide maintenance and emergency response services to the railway network, operates fuel stations for diesel locomotives and is active in electricity and gas reselling.

Adam Majeed - Regional editor