The European Bank for Reconstruction and Development (EBRD) is participating in the acquisition of Żabka, one of Poland’s leading food retailers, with an equity investment of up to €25 million.
Żabka was recently acquired by funds managed by CVC Capital Partners, one of the world’s leading private equity groups, from its previous owner Mid Europa Partners.
Żabka is the sixth largest food retailer in Poland with 4,600 franchise stores operated by 3,200 entrepreneurs.
The EBRD investment will support the continued strengthening of corporate governance and setting standards in “green innovation” through environmentally friendly investments. This will further advance Żabka’s competitiveness in line with the EBRD’s transition concept which argues that a well-functioning market economy should be integrated, competitive, inclusive, well governed, green and resilient.
Since the beginning of its operations in Poland in 1991, the EBRD has invested almost €8.5 billion in more than 380 projects in the country.