Select Page

Luxembourg-based private equity fund, CVC Capital Partners, may float Zabka, one of Poland’s leading convenience retailers, on the stock market. 

This was asserted by Krzysztof Krawczyk, the head of the Warsaw office and a Partner at CVC Capital Partners. 

Krzysztof Krawczyk’s statement about the listing 

Recently, Krzysztof Krawczyk told the Polish state-run news agency PAP (Polish Press Agency – Polska Agencja Prasowa), that they could be thinking about exiting this investment but a lot depends on the situation of financial markets. He added that the company (Zabka) is made to be listed. 

In addition, he said CVC sees listing Zabka as the best path for divesting the business, but is not in a hurry and will wait for the situation of the capital markets to improve. 

He also added that it is hard to anticipate when capital markets will open, whether it will be the second half of this year or the first half of next year. A lot depends on factors they have no impact on, i.e. geopolitics. 

Ultimately, he said the flotation could either be in Warsaw or abroad. 

We’ll know more about Zabka’s insights from private equity involvement when its current CEO, Tomasz Suchański takes the stage at the Polish Private Equity Conference, the largest private equity Conference of the CEE (Central and Eastern Europe) Region, which will take place on the 23rd of May 2023. 

The future of Zabka might not be in the hands of CVC

In October, Jaroslaw Kaczynski, Poland‘s ruling party leader said the state might take possession of Zabka from CVC, which bought it from Mid Europa Partners, an independent private equity player in CEE, in 2017. 

The spokespeople for CVC and Zabka were not immediately available for comment on the listing.

Damalion facilitates mergers and acquisitions, and private equity deals between local and or international investors. In addition, if you want to setup your investment fund in Luxembourg, please contact your Damalion expert now