Bridgepoint Acquires Poland-based Smyk (CEE and CIS)
Source: Bridgepoint
International private equity group Bridgepoint has acquired Poland-based children’s apparel and toy retailer Smyk in a transaction totaling EUR247 million (approximately US$269 million), including debt, from Poland-listed retail company Empik Media & Fashion. Cornerstone Partners, a Poland-based private equity firm, also participated in the deal and acquired a minority stake in Smyk. Bridgepoint’s portion of the transaction was structured through Bridgepoint Europe V.