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NOVA CAPITAL PARTNERS RAISES €17.2 MILLION FOR CENTROZAP
New York, NY – July 29, 2009 – Nova Capital Partners, LLC has announced that its client, Centrozap S.A., has received an equity capital commitment of €17.2 million (US$24.2 million) from the international private equity investment firm The GEM Group.
Based in Katowice, Poland, Centrozap is an investment and trade company with close to six decades of experience in global commodity markets and commercial activity throughout Eastern Europe and the Russian Federation. The company’s shares are traded on the Warsaw Stock Exchange. The proceeds from the equity facility will be used to finance the operations of the company’s Austrian subsidiary WoodinterKom, which executes wood processing, transportation and logistics activities on the territory of the Russian Federation, and to support working capital needs.
The GEM Group is a US$3.4 billion private equity investment group founded in 1991, with offices in Paris, London, Hong Kong and New York. The investment into Centrozap is in the form of an Equity Facility, provided through GEM Investments Advisers and GEM Global Yield Fund Limited.
The €17.2 million equity investment is a key development for Centrozap and is the first investment into the company from an international capital provider. Ireneusz Król, President of the Management Board, said, “We are pleased with the positive reception of Centrozap’s strategy by an active global investor. We are convinced that the commitment from GEM is a very important step in the development of Centrozap and the Komi Project, underscoring the strong momentum that the company is achieving in the market and with the international investment community.”
New York based investment bank Nova Capital Partners advised the Centrozap throughout the transaction process. Mark Allegretti, Managing Director at Nova Capital Partners, said, “This facility is an excellent financing solution for Centrozap and its subsidiary WoodinterKom. Our firm was pleased to facilitate and advise Centrozap on this important transaction and we look forward to continuing our efforts on behalf of the company.”
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