Avallon is launching a new fund in Łódź that will focus on Poland’s SME sector. Called MBO II, the fund targets €107m, with €15m coming from the European European Bank for Reconstruction and Development. Avallon said the fund will make its first investment to the SME sector in the second quarter of the year. In an effort to raise some of the domestic capital, Avallon is hoping to attract top Polish managers to this fund and has so far invested in eight companies.
This will be the second fund by Avallon dedicated to the SME sector. The company raised €50m though its Avallon MBO I fund. “We’ve been creating this fund for almost a year,” said Tomasz Stamirowski, managing partner at Avallon. “The average period for setting up a fund on European markets is two year due to the negative sentiment in the Eurozone.”
Avallon’s managers list includes Michał Zawisza, Krzysztof Kuźbik, Piotr Miller, Tomasz Stamirowski and Robert Więcławski.
