Management buyout at Krosno Glass
Paweł Szymański, President and Chief Executive Officer of Krosno Glass SA, acquired the company from Coast2Coast Capital. The transaction was finalized at the beginning of February through a management buyout (MBO).
Paweł Szymański has managed the company for over two years. He intends to continue its development strategy for 2018-2023.
As a result of the transaction, a company owned by Paweł Szymański and registered in Poland became the owner of 100% of Krosno Glass shares. The buyout was financed in part by internal funds and debt financing (through bond issue) obtained from a fund co-managed by CVI Dom Maklerski and Noble Funds TFI.
The company will continue to be managed by its current president, Paweł Szymański and Robert Zaklika, vice president of operations.