
Joanna Wiśniewska
Marketing and PR Manager j.wisniewska@avallon.pl
Hagen PR
Wojciech Dziewit
wojtek@hagen.pl
Avallon has started its third fund (Avallon MBO Fund III), which by the end of its last closure had reached EUR 80.6 million, being 34% higher than the corresponding closure of the previous fund.
It is possible to double the amount of funds to be raised over the next 12 months. The founding of the present fund is also an opportunity to celebrate the first investment of Avallon MBO Fund III.
The new fund currently has financial resources of over PLN 340 million, which, taking into account the credit support, means having nearly 700 million at its disposal to fund new investments. Within the coming 12 months it is possible to double its scale, especially since PLN 80 million have already been declared by current participants, and more talks are in progress.
The fund’s investors are renowned international institutional investors. Avallon invests over PLN 21 million in the new fund. The fund’s main specialization, which is investment with managers, remains unchanged compared to previous Avallon funds.
The fund is going to invest mainly in companies with a turnover of PLN 60 to 250 million. Investments will be made in up‑and-coming industries, including new technologies, FMCG and manufacturing companies. Thanks to co‑investment agreements with fund investors and financial partners, the fund will also be able to carry out much larger transactions.
During the process of founding the new fund, two people were promoted to the position of Partners. The team’s expansion is also planned.
The fund has actively taken action, finalizing the investment signed in November last year with Clovin – a family company from Czyżew, founded in 1995. Initially, the company focused on the production of professional powdered cleaning products for the industrial segment (e.g. hotels, hospitals). Gradually, it began to introduce household cleaning products for home consumers (B2C). It employs over 230 people, its products go to over 25 countries, and revenues amount to about PLN 130 million.
After the successful investment in Velvet, Clovin is another entity from the FMCG area that will be supported by the Fund in the competition with international concerns.
Tomasz Stamirowski, Managing Partner of Avallon:
“We’ve joined a small group of private equity companies in Poland that have set up at least three funds. This is a great success of our Łódź team. Succession problems that private companies face and present weakness of the stock market create a good basis for finding interesting projects. We are among the most active funds on the market, which is best demonstrated by the quick execution of the first transaction and advanced work on several more to come”.
Agnieszka Pakulska, Partner of Avallon:
“I am glad that we have been able to combine the first closing of the fund with a new investment in Clovin. We are about to implement ambitious development plans for the company. Certainly, the experience gained so far in the investments of previous Avallon funds will positively influence the use of our company’s potential. In particular, our goal is to broaden the promotion of the company’s brands offering an innovative and quality product portfolio. In this task we will use our experience from Velvet transactions”.
Avallon has started its third fund (Avallon MBO Fund III), which by the end of its last closure had reached EUR 80.6 million, being 34% higher than the corresponding closure of the previous fund.
It is possible to double the amount of funds to be raised over the next 12 months. The founding of the present fund is also an opportunity to celebrate the first investment of Avallon MBO Fund III.
The new fund currently has financial resources of over PLN 340 million, which, taking into account the credit support, means having nearly 700 million at its disposal to fund new investments. Within the coming 12 months it is possible to double its scale, especially since PLN 80 million have already been declared by current participants, and more talks are in progress.
The fund’s investors are renowned international institutional investors. Avallon invests over PLN 21 million in the new fund. The fund’s main specialization, which is investment with managers, remains unchanged compared to previous Avallon funds.
The fund is going to invest mainly in companies with a turnover of PLN 60 to 250 million. Investments will be made in up‑and-coming industries, including new technologies, FMCG and manufacturing companies. Thanks to co‑investment agreements with fund investors and financial partners, the fund will also be able to carry out much larger transactions.
During the process of founding the new fund, two people were promoted to the position of Partners. The team’s expansion is also planned.
The fund has actively taken action, finalizing the investment signed in November last year with Clovin – a family company from Czyżew, founded in 1995. Initially, the company focused on the production of professional powdered cleaning products for the industrial segment (e.g. hotels, hospitals). Gradually, it began to introduce household cleaning products for home consumers (B2C). It employs over 230 people, its products go to over 25 countries, and revenues amount to about PLN 130 million.
After the successful investment in Velvet, Clovin is another entity from the FMCG area that will be supported by the Fund in the competition with international concerns.
Tomasz Stamirowski, Managing Partner of Avallon:
“We’ve joined a small group of private equity companies in Poland that have set up at least three funds. This is a great success of our Łódź team. Succession problems that private companies face and present weakness of the stock market create a good basis for finding interesting projects. We are among the most active funds on the market, which is best demonstrated by the quick execution of the first transaction and advanced work on several more to come”.
Agnieszka Pakulska, Partner of Avallon:
“I am glad that we have been able to combine the first closing of the fund with a new investment in Clovin. We are about to implement ambitious development plans for the company. Certainly, the experience gained so far in the investments of previous Avallon funds will positively influence the use of our company’s potential. In particular, our goal is to broaden the promotion of the company’s brands offering an innovative and quality product portfolio. In this task we will use our experience from Velvet transactions”.
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2.04.2026 READ MORES’portofino Strengthens Its Premium Market Position with Urszula Radwańska as Brand AmbassadorS’portofino, an Avallon MBO portfolio company, continues to strengthen its position in the premium fashion and sport segment by combining the world of sport with top-quality fashion.
Urszula Radwańska, a renowned Polish tennis player, has now joined the brand’s group of ambassadors. Her international court experience, determination and strong sense of style naturally align with S’portofino’s DNA. This marks another step in building a strong, aspirational lifestyle brand rooted in authenticity and consistent values.
On this occasion, the company has also announced a new initiative — Tennis Camp Ula Radwańska by S’portofino, which will take place on 20–26 April in Marbella, Spain. The camp offers a unique opportunity to develop tennis skills under the guidance of internationally experienced professionals, in small groups, with an individual approach and in an inspiring, premium environment that creates a distinctive sporting experience.
We encourage interested participants to register. Enrollment is open only until 5 April.
https://tenniscamp-uradwanska.pl/ -
1.04.2026 READ MOREAvallon MBO Supports the Development of Young Talent in PE/VCAvallon MBO supported the 4th edition of the Practical Private Equity & Venture Capital Course, co-organized by the Polish Private Equity & Venture Capital Association (PSIK) and Level 20. This year’s edition was partnered by the Warsaw Stock Exchange Foundation.
The course is a unique educational initiative aimed at students, providing access to practical knowledge about the private equity and venture capital market through a series of workshops led by experienced fund managers.
As part of the program, Agnieszka Pakulska and Marcin Konarski represented Avallon MBO, sharing their experience in investment project analysis, cooperation with management teams, and building company value during the investment process.
An important element of this year’s edition was also the involvement of Level 20 – an initiative supporting the development of women in the private equity industry, co-founded by Agnieszka Pakulska.
From Avallon MBO’s perspective, the opportunity for direct interaction with course participants and observing the high level of engagement and interest in the PE/VC market among the younger generation was particularly valuable. Participation in the program provides students with a meaningful opportunity to gain practical knowledge and better understand the specifics of the private equity and venture capital market.
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10.03.2026 READ MOREAvallon Employees’ Kids on the Pitch – Supporting the Widzew AcademyDuring the match between Widzew Łódź and Lech Poznań, the children of Avallon employees and their friends took part in a special pre-match ceremony, escorting the players of both teams onto the pitch.
Before the first whistle, the youngest participants, together with girls from the Widzew Academy, stepped onto the field alongside the players, accompanying them during their entrance to the stadium. For the children, it was a truly special moment and an unforgettable experience that will surely stay with them for a long time.
The match delivered plenty of sporting excitement for the fans and ended with a 2:1 victory for Widzew Łódź over Lech Poznań.
We are proud to support the development of young athletes as a partner of the Widzew Academy and to create opportunities for such memorable football moments.
Congratulations to the Widzew team on a great result, and thank you for the opportunity to be part of this special event. -
3.03.2026 READ MOREAgnieszka Pakulska Named Among Forbes Women Poland’s 25 Top InvestorsWe are proud to announce that Agnieszka Pakulska, Partner at Avallon MBO, has been recognized in the prestigious Forbes Women Poland 25 Top Investors list.
Agnieszka is the author of key transactions and co-creator of projects that consistently enhance the value of portfolio companies. She combines investment discipline with a long-term approach to developing businesses and teams, while actively promoting the presence of women in private equity, including as a co-founder of the Level20 initiative.
At Avallon MBO, diversity and professionalism are integral to our teams. We believe that teams combining different experiences make better decisions and create lasting value.
Congratulations to Agnieszka and all the distinguished investors!
https://www.forbes.pl/forbeswomen/lista-forbes-women-25-top-inwestorek/2fs54v0 -
24.02.2026 READ MOREPolmlek Acquires Kampol-Fruit. A Sensible Move in a Demanding SegmentTomasz Stamirowski, Managing Partner at Avallon MBO, was asked by the editors of PortalSpozywczy.pl to provide expert commentary on Polmlek’s acquisition of the fruit and vegetable processing plants of Kampol-Fruit in Milejów.
In his analysis, he indicates that the transaction should be viewed as a rational strengthening of the group rather than a strategic breakthrough in the frozen foods segment. The scale of the acquisition remains small relative to Polmlek’s overall operations – Kampol’s sales accounted for approximately 1% of the group’s revenues, which exceeded PLN 5.3 billion in 2024. The Polish fruit and vegetable frozen foods market itself, valued at around PLN 1 billion, is highly competitive and dominated by several large players.
According to Tomasz Stamirowski, the key aspect of the transaction is the strengthening of the juice segment and the Fortuna brand, as well as the attractive acquisition of modern assets purchased at a discount through bankruptcy proceedings. The potential to leverage Polmlek’s experience in working with farmers and contracting raw materials in the fruit and vegetable segment may also prove significant.
If the integration process proves successful, the acquisition could represent the first step toward broader involvement by Polmlek in fruit and vegetable processing – a sector whose potential, including export opportunities, remains largely untapped.
We encourage you to read the full commentary:
Expert Assesses Polmlek’s Latest Acquisition: “A Sensible Strengthening of the Group.”




