The European Bank for Reconstruction and Development (EBRD) has invested €33.9 million in a minority stake in the Polish cosmetics brand Bielenda, the bank has announced.
“The Bank has acquired an indirect stake in the company through a €33.9 million investment in Bielenda's holding company, Innova Central Holding SCA, which is controlled by the private equity fund Innova/6, where the EBRD is also a limited partner," EBRD said in a press release published on Monday.
The investment will enable Bielenda to take over two well-known Polish beauty brands, Tolpa and Miya, and increase its product portfolio and market share, EBRD said.
“With these acquisitions, Bielenda consolidates its position as a market leader in the Polish skincare and cosmetics segments,” according to the statement.
EBRD is among the leading institutional investors in Poland. Since the start of its operations in the country in 1991, the bank has invested more than €14 billion in 519 projects. Last year, EBRD invested a record €1.3 billion in Poland.
Founded in 1990, Bielenda develops skincare, body care, and hair care cosmetics in its own laboratories and advanced manufacturing facilities. Bielenda products are available in nearly 60 countries worldwide.
The investment will enable Bielenda to take over two well-known Polish beauty brands, Tolpa and Miya, and increase its product portfolio and market share, EBRD said.
“With these acquisitions, Bielenda consolidates its position as a market leader in the Polish skincare and cosmetics segments,” according to the statement.
EBRD is among the leading institutional investors in Poland. Since the start of its operations in the country in 1991, the bank has invested more than €14 billion in 519 projects. Last year, EBRD invested a record €1.3 billion in Poland.
Founded in 1990, Bielenda develops skincare, body care, and hair care cosmetics in its own laboratories and advanced manufacturing facilities. Bielenda products are available in nearly 60 countries worldwide.
