Small Enterprise Assistance Funds Exits Propak (CEE and CIS)

Source(s): Small Enterprise Assistance Funds

SME-focused investment firm Small Enterprise Assistance Funds (SEAF) has fully exited its 80 percent stake in Turkey-based flexible packaging producer Propak to Polinas, a packaging materials subsidiary of Turkey-based food company Ulker Group. SEAF originally invested in Propak in 2011 through Southeast Europe Equity Fund II (SEEF II). Financial details of the transaction were not disclosed.