Projects

Ashton Moss Holdings decided to dispose its shares in REN Sp. z o.o and granted Doxa with the sell side mandate. Doxa, after the initial assessment of the company and the market, decided to focus on identifying a strategic and most synergistic buyer. Such an approach was mainly driven by challenging financial situation of the company. During the process Doxa tested a number of horizontal and vertical integration scenarios, approaching 40+ domestic and international players. Ultimately, Ren represented the biggest value to a local distribution leader – Grupa Specjał, which considered the company as an entry point to the highly perspective segment of frozen food distribution.

United Beverages decided to dispose its ethanol production site to focus on the bottling and distribution business. During the process, Doxa approached more than 50 local and international players, potentially interested in further increase of their production capacities. Finally, a rapidly growing Polish company - BGW was invited to exclusive negotiations, successfully closing the deal. Deal complexity was driven by its asset nature and evolving regulatory environment in the time of the transaction.

Doxa Capital was a transaction advisor to MBWS SA in the disposal process of its subsidiaries in Poland. The aim of the project was identification of domestic and international players, interested in the expansion to the spirit market in Poland. In result of the process, MBWS Polska and Polmos Łańut were sold to United Beverages.

Four years after the purchase of the majority stake, the Orbico group decided to withdraw from the alcoholic beverage distribution segment. Doxa Capital conducted a share sale project, while having a mandate to help manage the company during the transition period. Its activities resulted in the sale of 80% of shares to United Beverages, a leading player in the alcoholic beverage distribution market.

Doxa was asked by Kofola Ceskoslovensko to help sell its Polish part of the operation, the Hoop company with a factory in Kutno and the Hoop Cola brand. In this project, Doxa focused primarily on finding the right buyer for whom Hoop would have the greatest value, due to potential synergies, restructuring know-how and its own distribution channels. Ultimately, Ustronianka sp z o.o. proved to be the best option and the transaction was finalized.

Doxa advised Velvet Care's minority shareholder, Betz Beteiligungen GmbH, on the sale of a minority stake to Abris International.

Sale of shares in Premium Rosa sp z o.o. was also a moment for Doxa Capital to exit from its own investment after three years of tremendous growth and value creation. Finding an entity that would be able not only to accept the created value, but also to further develop it, was the most important in this project.

Shareholders’ decision to Navo sp z o.o. a leading nationwide distributor of household chemicals and cosmetics, on the sale of the company posed a challenge to us to find the right partner for whom the concentration of business on one strategic supplier (P&G) would be a value, not a risk. After thoroughly researching the market and exit options, we decided to choose Orbico, a regional Central European player. This decision led not only to the successful closing of the transaction, but also to the further dynamic growth of the company, which continues to lead the market in the distribution of household chemicals.

Owners of the distribution company Ren sp.z o.o. engaged Doxa Capital to prepare the company's sales strategy. Doxa led this project by proposing a number of exit routes and identifying potential buyers. Ultimately, Hortex sp.z o.o. acquired 100% of shares.

Owner of ID Marketing, one of the biggest players in the mass mail market, asked Doxa Capital for help in finding a financial investor who would provide support in the acquisition of two companies - TNT Post Czech Republic and TNT Post Slovakia. ID Marketing's ambition was to create a Central European leader in the market of unaddressed and addressed mail. Doxa Capital carried out a capital increase process, as a result of which Krokus Private Equity became a minority shareholder in the company.

At the request of the majority shareholder, Doxa Capital conducted the process of selling the majority stake of shares and undertook the management of the company during the transition period. This was crucial to maintaining the value of the public company during the sale period. It is worth mentioning that while Tomasz Towpik was the President of the Company (March 2009-June 2010), the share price on the WSE doubled (from PLN 1.50 to PLN 3 per share).

Doxa Capital carried out, at the request of the owners of Iglokrak sp z o.o., a leading distributor of frozen foods in Poland, the process of selling 100% of the company’s shares. Doxa, adopting the assumptions of the project, i.e. maximizing the company's value, prepared a wider industry consolidation project, which it successfully sold to the private equity fund Penta Investments. The next step of the project was the acquisition of further distribution companies by Penta and, consequently, the creation of the market leader - Iglotex S.A.