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Krokus Poland fund invests in hospitals catering company

Krokus’ country fund for Poland, Nova Polonia Natexis II, has acquired 55 per cent of the shares in Catermed via a capital increase.

Catermed is the largest independently owned Polish company specialising in catering for hospitals.

Catermed offers catering to hospitals and other healthcare units as well as for community centres, schools, kindergartens and other institutions. The company operates through a network of kitchens in the south of Poland.

In 2010 Catermed also opened its first old peoples’ home "Beatus” in Krakow.

"The catering sector in Poland is still very fragmented and continues to grow dynamically. Catermed has a solid track record in catering for hospitals and ambitious plans to expand its operations geographically as well as into new market segments. We look forward to working with management in building the Company into a market leader in the mid-term perspective,” says Witold Radwański, president and managing partner of Krokus PE.

“Catermed has to date successfully grown its business through organic growth using its own financial sources. Support from our financial investor will speed up the company’s development and strengthen its market position through geographical expansion and realisation of projects which exceed the current Company abilities. The investment is for us acknowledgement for ten years of achievements and the Company’s development strategy,” says Paweł Gronowski, chief executive and founder of Catermed.

Krokus PE is the adviser to Nova Polonia Natexis II Private Equity Fund, a EUR100m fund which invests in expansion and buy-out opportunities in Poland’s lower mid-cap market.

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