Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors (EI), today announced it will acquire a 60% stake in Focus Garden, owner of one of Poland’s most popular e-stores dedicated to garden furniture and accessories.
- The company founder – Mr. Sławomir Czajkowski – will remain its shareholder and will become chairman of the supervisory board;
- The value of the transaction has not been disclosed;
- The transaction is conditional upon obtaining antimonopoly approval.
Focus Garden was established in 2007 and was initially engaged solely in the import and distribution of garden furniture. Over time, the company developed an e-store in line with the prevailing retail trends. Today, focusgarden.pl is one of Poland’s largest specialist retailers focused on outdoor living. Its offer includes a wide selection of garden and patio furniture as well as other outdoor accessories, most of which – thanks to the company’s well-organized purchasing and logistics department – are available immediately.
Focus Garden operates in a very promising specialty retail niche in which it already holds a leading position. This is reflected in its good financial results – in 2021, the company’s revenues will exceed EUR 13 million.
“The funds we manage have invested over EUR 350 million in 17 companies operating in the retail sector, including e-commerce. We intend to use this extensive experience to support the further development of Focus Garden,” said Bartosz Kwiatkowski, a partner at Enterprise Investors who is responsible for this investment.
Commenting on the transaction, Sławomir Czajkowski, the founder of Focus Garden, said: “I am proud that the company I created has secured a strong investor who will help us reinforce its position in its current market and successfully enter new ones.”