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Advent International increases price to PLN 5.60, lowers the threshold and introduces interim settlement in the tender offer for EKO Holding

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Warsaw, October 18, 2012 - Ecorse Investments, a company indirectly owned by funds managed by Advent International Corporation (Advent), a leading global private equity fund, announced today a price increase to PLN 5.60 in the tender for EKO Holding. The increased offer also now includes an interim settlement, which will enable Ecorse Investments to settle the subscriptions already made.

Ecorse Investments has lowered the minimum acceptance threshold to 55% and waived the requirement for antimonopoly approval. The offer is now conditional only upon 55% of shares being tendered.

First settlement can take place on Friday, Oct 19th, 2012.

The price of PLN 5.6 offered to all shareholders, is at a 48.5% premium to average 6 months trading price prior to the announcement of the tender offer on September 10, 2012.

Commenting on the announcement, Tamás Nagy, Partner at Advent International, responsible for the transaction said: “We believe that at an over 48% premium to the average 6 months trading price prior to the tender announcement, Advent’s offer is extremely appealing to all shareholders. It gives them not only a very attractive price but also high certainty of a successful closing. Advent’s goal is to independently develop EKO as a pure play retail business which will improve the company’s operational effectiveness as well as enable the growth.


About Advent International

Founded in 1984, Advent International is one of the world’s leading global buyout firms, with offices in 16 countries on four continents. A driving force in international private equity for 27 years, Advent has built an unparalleled global platform of over 160 investment professionals across Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, strategic repositioning opportunities and growth buyouts in five core sectors, working actively with management teams to drive revenue growth and earnings improvements in portfolio companies. Since inception, Advent has raised €19.4 billion in private equity capital and, through its buyout programmes, has completed over 270 transactions in 35 countries.

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About EKO Holding group

EKO Holding Group concentrates its activity on a supermarket chain. The Group operates a number of stores including 305 EKO stores, ca. 800 Rabat franchise stores and 165 Jasmin franchise drugstores. The Group also owns Polska Grupa Drogeryjna Ltd. (PGD) a wholesaler of household chemicals and cosmetics.

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Tamás Nagy

General Manager, Germany

T: +49 (69) 257 869710
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Monika Morali-Efinowicz

Managing Director, Head of Warsaw, Poland

T: +48 22 627 5141
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