Enterprise Investors closes €340M fund with Polish capital for the first time
Enterprise Investors raises €340M for Fund IX with participation from Polish institutional and private investors
Enterprise Investors, one of the largest and oldest private equity firms in Central and Eastern Europe, has announced the successful fundraising of its ninth fund — Enterprise Investors Fund IX (EIF IX) — reaching a total of €340 million. For the first time in the firm’s history, part of the capital has been contributed by Polish investors, both institutional and private, marking a milestone in the development of local investment ecosystems.
Subscribe to Startup Digest to stay ahead with the latest news, investments, and must-attend events.
The fund will continue Enterprise Investors’ focus on mid-market buyouts and growth capital investments across sectors such as technology, financial services, healthcare, consumer goods, manufacturing, business services, and retail. EIF IX has already made six investments in Polish companies, including eTravel, Expobud, and Scan Lab, and is poised for more acquisitions in the near future.
According to the company, EIF IX attracted significant interest from commercial financial institutions, which provided 60% of the total capital. Notably, the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) also backed the fund. The new vehicle further cements Enterprise Investors’ leading position in the region, bringing its cumulative capital raised since inception to over €2.7 billion.
With a long-term strategy and conservative use of leverage, Enterprise Investors typically invests €20–75 million per transaction, focusing on operational excellence and long-term value creation. The firm has completed 140 exits from a portfolio of 160 companies and has led 35 IPOs across multiple exchanges, including Warsaw, New York, Prague, and Vilnius.
The company continues to expand its reach across the CEE region through six offices in Warsaw, Bratislava, Bucharest, Prague, Zagreb, and New York. Its portfolio companies, such as Snap Outdoor (owner of 8a.pl), Unity Care, and Scan Lab, reflect a strategic pivot towards future-oriented sectors including digital dentistry, local healthcare access, and tech-enabled retail.
In 2024 alone, Enterprise Investors committed €137 million across new deals, including the acquisition of Sescom (PLN 104 million) and co-investment in eTravel (PLN 250 million commitment), with exits generating revenues of €150 million. Industry observers note the firm’s strategy of backing businesses that benefit from convergence between CEE consumption and Western markets, as well as international competitiveness in sectors like IT and BPO.
The success of EIF IX follows broader regional fundraising momentum. Innova Capital closed its record-setting €407 million Fund VII in 2024, Value4Capital reached €110 million in a first close for its second fund, and Tar Heel Capital raised €120 million for its fourth vehicle. Still, Enterprise Investors remains a standout with its blend of consistent returns, regional expertise, and ESG focus.
Committed to sustainability, Enterprise Investors embeds ESG practices into its investment process and was the first private equity signatory to the UN Global Compact in the region. Through its investments, the firm has supported job creation, capital market development, and entrepreneurial growth for more than three decades.
Read more: https://www.ei.com.pl/en
