A EUR156m private equity fund, Eastern Europe Fund, managed by Sgam Alternative Investments has completed the acquisition of a majority stake in Agencya Ochrony Skorpion Security Sp z o.o.
A EUR156m private equity fund, Eastern Europe Fund, managed by Sgam Alternative Investments has completed the acquisition of a majority stake in Agencya Ochrony Skorpion Security Sp z o.o.
Skorpion is a leading provider of security solutions, including security guards, electronic alarm monitoring and cash transport throughout Poland. The amount of the transaction has not been disclosed.
This transaction follows the purchase in December 2007 of a controlling interest in Fornetti Wroc_aw, a Polish food franchise company. Both transactions reflect on the fund’s focus on expansion and buy-out capital investment in mid-sized companies in central and Eastern Europe.
Skorpion was founded by Ryszard Zieli_ski in 1997. Since then, the company has grown considerably in size and is now one of the leading providers of a broad range of security
solutions for industrial, retail and residential clients.
In 2007, the company had a turnover of some PLN 92m (EUR 25.7m). Following the investment, the company is expected to continue to expand rapidly and seek opportunities to
further consolidate the security services market in Poland.
Société Générale is one of the largest financial services groups in the euro-zone. It employs 151,000 people worldwide in:
- Retail Banking & Financial Services: it serves 27 million individual customers worldwide.
- Global Investment Management & Services: Société Générale is one of the largest banks in the euro-zone in terms of assets under custody (EUR 2 583bn, as of Dec. 2007) and under management (EUR 434,6bn, December 2007).
- Corporate & Investment Banking: SocGen ranks among the leading banks worldwide in euro capitalmarkets, derivatives and structured finance. It is included in the five major socially-responsible investment indices.
Société Générale Asset Management is one of the world’s leading asset managers, with EUR358bn of assets under management as at 31st Dec 2007. A subsidiary of the Société Générale Group, Sgam is a global player with a balanced and robust business model based on its multi-center structure. It has 2,950 employees, including more than 750 managers and analysts, are located at the heart of the markets in Europe, in the United States and in Asia;
SocGen is a business that covers all asset classes: equities, fixed income, balanced, and alternative investment where Sgam is among the leaders with EUR66bn in assets under management.
Thanks to cross-selling, a focus on quality and constant innovation, Sgam has developed value-added management solutions tailored to clients’ specific needs and which optimize performance and risk control.
Sgam is rated M2 by Fitch Ratings, thus retaining since 2000 the top rating awarded to an asset management company for the whole of its international structure.
Sgam Alternative Investments is a wholly-owned subsidiary of Societe Generale Asset Management. It has developed successfully by combining active asset management processes with a capital market culture that mixes innovation and risk management. With EUR50.6bn in assets under management as at 31st Dec 2007, 394 employees worldwide and the backing of Société Générale Group, Sgam Alternative Investments has become a leading specialist in alternative investments.
Sgam Group as a whole manages EUR66bn in alternative investments assets as at 31st Dec 2007.
Sgam AI launched its private equity platform in 1999 and now offers a comprehensive range of funds: new technologies and biotech venture capital, expansion capital, LBO and fund of funds, investing in Europe and emerging countries. As at 31 Dec 2007, Sgam Alternative Investments had EUR1.71bn under management in private equity.
