Enterprise Investors has opened an office in Prague, its fourth regional location, to source new deals and support existing investments.
It will be headed by Ivan Jakubek, the EI investment director responsible for the firm’s Czech and Slovak business development. He joined IE in 2005 and has seven years of private equity, corporate finance, consulting and restructuring experience, IE said in a statement.
Business analysts Michal Palata and Peter Doubner will also be based in Prague, while Dariusz Pronczuk, managing partner and head of the firm’s investment activities in the Czech Republic remains based in Warsaw.
Prague: IE's latest regional office location
The 19-year-old firm’s existing Czech investments include anti-virus software maker AVG Technologies and beverage maker Kofola.
“EI’s current investments in the Czech Republic made it our second most important market,” Pronczuk said in a statement.
The firm began investing in small- and mid-size companies in the Czech Republic in 2005, with an emphasis on the consumer goods and retail, financial services, manufacturing and IT sectors.
The firm invests in the country via its Polish Enterprise Fund VI as well as its Enterprise Venture Fund I. Polish Enterprise Fund VI, which closed in 2006 on €658 million, still has €300 million to invest in CEE. The venture fund, meanwhile, raised €100 million last year and has roughly €90 million to invest in CEE.
EI also has offices in Warsaw, Bucharest, Bratislava and Jersey City.