TDA gets Gamet majority stake

The global private equity firm has led the buyout of Poland’s largest hardware store chain.

TDA Capital Partners, the global private equity firm, has completed a management buyout of Gamet Sp, a Polish producer and distributor of furniture hardware accessories. The firm is the market leader in Poland, with 30 per cent of the retail market.

Financial details of the transaction have not been disclosed, nor has the stake acquired by management as part of the transaction. It was confirmed however that company chief executive, Andrzej Gajek, will remain with the company as its president and business partner to TDA Capital.

TDA Capital Partners director Krzysztof Sobolewski, said the firm’s strategy was to expand the distribution of Gamet’s products into new markets, while keeping the manufacturing costs at a minimum. “TDA Capital Partners will take an active part in supporting the company management in its growth in order to expand Gamet’s business in Western Europe and in Poland.”

TDA Capital Partners manages three private equity funds investing in Central and Eastern Europe. These are Emerging Europe Private Equity Fund I, II, and III (which it manages together with an affiliate of CIBC World Markets). In addition, TDA TFI – a company from TDA Capital Partners Group manages EEF IV, a closed private equity fund, investing in the same region. TDA has offices in Warsaw, Tel-Aviv, Bombay, and Connecticut, USA.