Polish Enterprise Fund VIII, a private equity fund managed by Enterprise Investors (EI), will acquire 60% of shares in Focus Garden, the operator of one of the country’s most popular online stores selling garden products, including furniture, appliances and small architecture elements, the fund said. The value of the transaction has not been disclosed.
Focus Garden was established in 2007. Initially, it dealt only with the import and distribution of garden furniture. Over time – in line with the trends in the retail market – the company developed the e-commerce platform. The website focusgarden.pl its runs is today one of the largest specialist garden stores in Poland. In 2021, the revenues of Focus Garden will exceed PLN 60 million.
The transaction requires approval of the Office of Competition and Consumer Protection.
“The funds we manage have invested PLN 1.6 billion in 17 companies operating in the retail sector, also active in the e-commerce sector. We intend to use this extensive sector experience to support the further development of Focus Garden, ”said the partner at Enterprise Investors responsible for the investment, Bartosz Kwiatkowski.