Mid Europa plans hiring spree

The firm is bolstering its investment teams in all three of its European offices as a signal of its commitment to the central and eastern European region, says partner Zbigniew Rekusz.

Mid Europa Partners, the 115th largest private equity firm in the world according to the PEI 300, plans to hire more investment professionals for its offices in London, Budapest and Warsaw, it told Private Equity International.

The firm, which manages funds with a net asset value of about €3.2 billion and claims to be the largest CEE-focused private equity firm, is looking to add between four and six professionals at associate or senior associate level across its three offices, according to Warsaw-based partner Zbigniew Rekusz. It hopes to have the additional team members in place by year end, Rekusz added.

The decision to build up our presence in the region is another sign of our continuing  dedication to central and eastern Europe.

Zbigniew Rekusz

“The decision to further strengthen our team and build up the presence in the region is another sign of our continuing dedication to central and eastern Europe. We believe it gives us a competitive edge over other pan-European players,” Rekusz said.

He explained the rationale behind having teams in Poland and Hungary, saying: “While Poland due to its size, relative weight in the CEE and good deal pipeline requires a strong local presence, Budapest is a good base for covering the countries like Czech republic, Slovakia, Romania or Austria.”

The firm has made a busy start to the year. In January, it sold Czech telecommunications group Ceské Radiokomunikace to Macquarie for €574 million. A month later, it acquired a stake in Polish medical laboratory group Diagnostyka and the entire share capital of Polish convenience store chain Zabka Polska, both for undisclosed sums. In March, it bought a 49 percent stake in road freight company Waberer’s Holding from the company’s founder.