Industry Newsroom

Mid Europa Partners to Exit PKL (CEE and CIS)

Central and Eastern Europe-focused private equity fund manager Mid Europa Partners has agreed to sell its 99.8 percent stake in Poland-based Polskie Koleje Linowe (PKL) to the government-backed Polish Development Fund. PKL provides cable car, funicular, ski lift and ski slope services across seven locations in Poland. Mid Europa originally invested in PKL in 2013 through Mid Europa Fund III. Financial details of the transaction, which is subject to regulatory approval and expected to close later this year, were not disclosed.