
Joanna Wiśniewska
Marketing and PR Manager j.wisniewska@avallon.pl
Hagen PR
Wojciech Dziewit
wojtek@hagen.pl
Avallon, a company managing private equity funds, based in Lodz, has created new fund – Avallon MBO II.
The investment fund will be focused on transactions carried out jointly with managers, as its predecessor. It will primarily involve the purchase of shares in the case of sale by current owners or investment in private companies managed by their founders. Avallon has over a decade of experience in this area and has participated in nearly 100 transactions together with managers and is a pioneer in the management buyout market in Poland.
The new fund has a current size of nearly 250 million zlotys (€ 60m), and during 2013 it is planned to increase to nearly 440 million zlotys (€ 107m). Investors in the Fund are international financial institutions including the European Bank for Reconstruction and Development and funds managed by the Swiss Fund of Funds -Akina Partners.
Avallon has also invested more than 16 million zlotys (€ 4m) of its own in the new Fund. A unique opportunity for managers is also planned so that they can invest in the Fund together with the management company. This will strengthen the relationship of the most active managers, from a pool of nearly 2000 people in contact with Avallon. The Fund will invest primarily in companies with a turnover of between 15 and 60 million euro. Investments will be made in a variety of industries, including FMCG and manufacturing companies.
The average size of an investment is between 7,5 – 10 million euro , but through a co‑investment agreement with investors in the Fund and financial partners, the Fund will be able to achieve much larger transactions. The main determinant in any investment is the quality of management and the concept of boosting the value of a company. Avallon looks at companies who are leaders in their industries. The Fund is managed by a team of Polish experts, with years of experience, who retain influence on investment decisions.
Tomasz Stamirowski, Managing Partner Avallon
We have been building Avallon for many years, based on accepted values such as partnerships with managers, commitment and professionalism. We have steadily expanded both our experience as well as contacts database. Investors’ decisions to engage in our new Fund are the best form of showing confidence in our chosen strategy.
Michał Zawisza, Partner Avallon
By investing our own resources in the Fund shows that we firmly believe that the current difficult economic environment creates good opportunities for long‑term investors. We see a growing group of private business owners looking for an investor profile that represents Avallon.
Piotr Miller, Partner Avallon
Our achievements to date mean that the investors who entrusted us with resources In 2007 have decided to re‑invest in the next Fund managed by us. In addition, we have acquired new investors interested in involvement in Poland. Unfortunately, due to structural reasons, domestic financial institutions have difficulties with investments in mutual funds such as ours. The fund comes mainly from foreign institutional investors._
Robert Więcławski, Partner Avallon
Those companies in which we invest receive not only capital, but also our team’s diverse experience, knowledge and strategic skills. In this way, we add our existing value of the company’s own value. We believe that both the managers at the companies in which we invest and our also partners who have entrusted us with the capital in the new Fund appreciate this fact.
The last Fund: Avallon MBO FUND I – Investment
Avallon MBO FUND I with a capitalization of €50m, allocated its resources to: Orthopaedic Company MEDORT S.A. Lodz (2007) – the market leader in rehabilitation and orthopaedics; Fiten S.A. (2008) engaged in wholesale electricity trading and investment in the production of renewable energy (biomass); GOOD FOOD S.A. (2009)-one of the leading manufacturers and distributors of rice wafers; ORGANIC FARM HEALTH S.A. (2010) – a leader in the organic market and organic food; AG Foods in the Czech Republic (2011) – soluble beverage market leader in the Czech Republic, Poland and Hungary; EKO VIMAR Orlański Sp. z o.o. (2011) manufacturer of modern, eco‑pellet boilers; Limito S.A. (2011) processor and distributor of fish and seafood; and CEKO Sp. z o.o. (2012) – a manufacturer of high quality cheeses.
Avallon, a company managing private equity funds, based in Lodz, has created new fund – Avallon MBO II.
The investment fund will be focused on transactions carried out jointly with managers, as its predecessor. It will primarily involve the purchase of shares in the case of sale by current owners or investment in private companies managed by their founders. Avallon has over a decade of experience in this area and has participated in nearly 100 transactions together with managers and is a pioneer in the management buyout market in Poland.
The new fund has a current size of nearly 250 million zlotys (€ 60m), and during 2013 it is planned to increase to nearly 440 million zlotys (€ 107m). Investors in the Fund are international financial institutions including the European Bank for Reconstruction and Development and funds managed by the Swiss Fund of Funds -Akina Partners.
Avallon has also invested more than 16 million zlotys (€ 4m) of its own in the new Fund. A unique opportunity for managers is also planned so that they can invest in the Fund together with the management company. This will strengthen the relationship of the most active managers, from a pool of nearly 2000 people in contact with Avallon. The Fund will invest primarily in companies with a turnover of between 15 and 60 million euro. Investments will be made in a variety of industries, including FMCG and manufacturing companies.
The average size of an investment is between 7,5 – 10 million euro , but through a co‑investment agreement with investors in the Fund and financial partners, the Fund will be able to achieve much larger transactions. The main determinant in any investment is the quality of management and the concept of boosting the value of a company. Avallon looks at companies who are leaders in their industries. The Fund is managed by a team of Polish experts, with years of experience, who retain influence on investment decisions.
Tomasz Stamirowski, Managing Partner Avallon
We have been building Avallon for many years, based on accepted values such as partnerships with managers, commitment and professionalism. We have steadily expanded both our experience as well as contacts database. Investors’ decisions to engage in our new Fund are the best form of showing confidence in our chosen strategy.
Michał Zawisza, Partner Avallon
By investing our own resources in the Fund shows that we firmly believe that the current difficult economic environment creates good opportunities for long‑term investors. We see a growing group of private business owners looking for an investor profile that represents Avallon.
Piotr Miller, Partner Avallon
Our achievements to date mean that the investors who entrusted us with resources In 2007 have decided to re‑invest in the next Fund managed by us. In addition, we have acquired new investors interested in involvement in Poland. Unfortunately, due to structural reasons, domestic financial institutions have difficulties with investments in mutual funds such as ours. The fund comes mainly from foreign institutional investors._
Robert Więcławski, Partner Avallon
Those companies in which we invest receive not only capital, but also our team’s diverse experience, knowledge and strategic skills. In this way, we add our existing value of the company’s own value. We believe that both the managers at the companies in which we invest and our also partners who have entrusted us with the capital in the new Fund appreciate this fact.
The last Fund: Avallon MBO FUND I – Investment
Avallon MBO FUND I with a capitalization of €50m, allocated its resources to: Orthopaedic Company MEDORT S.A. Lodz (2007) – the market leader in rehabilitation and orthopaedics; Fiten S.A. (2008) engaged in wholesale electricity trading and investment in the production of renewable energy (biomass); GOOD FOOD S.A. (2009)-one of the leading manufacturers and distributors of rice wafers; ORGANIC FARM HEALTH S.A. (2010) – a leader in the organic market and organic food; AG Foods in the Czech Republic (2011) – soluble beverage market leader in the Czech Republic, Poland and Hungary; EKO VIMAR Orlański Sp. z o.o. (2011) manufacturer of modern, eco‑pellet boilers; Limito S.A. (2011) processor and distributor of fish and seafood; and CEKO Sp. z o.o. (2012) – a manufacturer of high quality cheeses.
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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.” -
20.02.2026 READ MORECompany growth can be measured by revenue and margin expansion. It can also be measured by the real impact a business has on its surroundingsOur portfolio company MPPK – a distributor of premium pet food brands for dogs and cats, Wiejska Zagroda and Pan Mięsko – has been building a strong position in the pet food segment for years. At the same time, it is doing something equally important: consistently supporting animal welfare.
Together with Joanna Krupa, her friends, and Media Expert (Terg), the MPPK team visited places where every form of support truly matters:3 shelters,
6 tons of pet food,
1 shared idea – to help in a smart and responsible way.This was not a one-off PR initiative, but part of a broader, long-term approach – from ongoing cooperation with shelters and support for adoptions to educational activities promoting responsible pet ownership.
MPPK demonstrates that the pet food industry can set standards – both in quality and in ethics. Business scale and sensitivity do not have to be mutually exclusive. On the contrary, together they create lasting value. -
27.01.2026 READ MOREPolish E-commerce Enters a Maturity Phase – Commentary by Weronika JaskółaA compelling article was published in the daily Rzeczpospolita, based on data from Dun & Bradstreet Poland, illustrating the scale and dynamics of the domestic e-commerce market: nearly 75,000 online stores in Poland, on average more than six new ones launched daily, but at the same time a growing number of business closures and suspensions. This is a good moment to view e-commerce not through the lens of a boom, but rather of market maturity and selection.
In the article, Weronika Jaskóła, Investment Analyst at AvallonMBO, accurately describes this stage of market development:
“This is a signal of increasing rotation — launching a store is easy, but maintaining and scaling it is becoming increasingly difficult without a clear competitive advantage.”
As she further emphasizes, a net increase of around 2,400 e-stores over 12 months and a pace of about 200 new entities per month indicate stable growth rather than another boom wave. Approaching the level of 75,000 stores is more a sign of market saturation and fragmentation.
At Avallon MBO, Weronika is responsible, among other things, for S’portofino — a premium brand in the sport & fashion segment that combines scalable e-commerce with a network of brick-and-mortar boutiques. It is precisely such models — omnichannel, brand-driven, focused on service quality, logistics, and data-driven operations — that increasingly demonstrate where real competitive advantage is being built today. Growing pressure from global marketplaces, including platforms from outside the EU, is only accelerating this process.
For investors, the conclusion is clear: e-commerce continues to grow, but value is created by those who can go beyond “mere online presence” and build a resilient, scalable business model.
The full article can be read at the following link:
https://pro.rp.pl/raporty-ekonomiczne/art43687641-polacy-radza-sobie-z-chinczykami-codziennie-powstaje-szesc-nowych-e-sklepow




