Enterprise Investors to Sell Its Stake in Zelmer Through a Tender Offer to BSH (CEE and CIS)
Source: Enterprise Investors
Polish private equity firm Enterprise Investors has agreed to sell its stake in Zelmer, a Polish manufacturer of small appliances, to German appliance manufacturer BSH Bosch und Siemens Hausgeräte (BSH). BSH will purchase Enterprise Investors’s 49 percent stake as part of an offer to purchase 100 percent of Zelmer. Enterprise Investors first invested in Zelmer in 2005 through its Polish Enterprise Fund V, and invested a total of EUR28.5 million (approximately US$36.2 million) in the company. Financial details of the transaction were not disclosed.