
Joanna Wiśniewska
Marketing and PR Manager j.wisniewska@avallon.pl
Hagen PR
Wojciech Dziewit
wojtek@hagen.pl
Avallon MBO FUND II finalises its seventh investment with the purchase of a majority stake from Plasma SYSTEM Co in Siemianowice Slaskie.
Avallon, in close cooperation with the existing management team chaired by Mr Sławomir Wawrzyniak, signed an investment agreement on 21 September 2015, detailing the particulars of the investment process.
In order to execute the transaction in a form of management buyout, there was established Plasma MBO’s SPV financed by the Group of Management and the Fund.
Plasma System is an innovative technology company, which offers services in the field of surface engineering, which uses advanced technology of laser depositing and thermal spray coating. The use of innovative technologies and advanced materials can significantly prolong life of machine parts used in all industries, which are otherwise exposed to fast wear and tear.
The company’s dynamic development was possible thanks to the EU funds assigned to research, development and investment. The company has a modern production facility, equipped with unique in Europe machinery and equipment. The company’s customers are large industrial concerns, such as Babcock Borsig Steinmüller GmbH, Bełchatów PGE GiEK Co Power Station, GDF Suez Power Station Polaniec Co, Vattenfall Heat Poland Co, Power Station Rybnik – EDF Poland Co, PGE ElPower Station Opole Co, PKE Co, Veolia Energy Lodz ARE , Doosan Babcock Energy Poland Ltd, ALSTOM Power Ltd, Arcelor Mittal Poland Co or Fan Factory FAWENT Co. From its very beginning, Plasma System’s strength has always been a unique ‘know‑how’ approach, developed by a team of people with passion.
The company’s expertise is validated by various patents and protection rights.The value of the transaction has not been made public.
The transaction was coordinated by the law firm JGA from Katowice.
Sławomir Wawrzyniak, Leader of PLASMA SYSTEM’s Management Group
The rapid development of the company has been possible thanks to efficient use of the EU funds (Operational Programme of Innovative Economy) and other funds raised from investors via NewConnect. The Board of Plasma Systems believed that opportunities for further development of the company were possible through expanding into foreign markets and acquiring a friendly partner‑investor. The search for one lasted for several years, but it was only when the Managers Group came up with the initiative of engaging themselves financially and the System’s previous owner decided to sell the company’s shares that it gained the form of an MBO.The factor that prompted the managers to choose the MBO procedure was a strong sense of the company’s value and the belief in its further development.
The Avallon Fund met the expectations of the Board – the most promising among other investors, it best understood the character of our company and thanks to its portfolio of existing contacts showed potential prospects of enabling us to expand both into domestic and foreign markets. Finally, these synergies as well as high morale and professionalism of the representatives of the Avallon Fund assured us of our choice.
Alexander Borek, Chairman of the Board of SYSTEM Co
The main impulse to start the search for an investor for the company was the realisation that its further development required a strong and competent partner who would aim to work closely with the management leaders, who were the main force behind building the company’s strong position.
Finding the right investor for your business is a long and complicated process, so it is worth to be well prepared and to plan it in advance. The most important elements of such a process are careful planning of all operations, including a close analysis of the finances, and employing highly qualified and competent staff who strongly identify themselves with the objectives of the company. From the company’s very beginnings, I have always been strongly involved (also emotionally) in a success of the whole project called Plasma System, and that is why it was important for me not only to maximise the value of the transaction, but also to be certain that the transfer would go into the hands of a responsible investor, who would be able to stimulate the company’s further development. A good few months of successful negotiations ensured me that Avallon was such a partner.
At this point, I would also like to thank the whole team for long‑term commitment to the development of Plasma System. Without their tremendous dedication and belief in success it would have not been possible to create a high technology company so unique in Europe.
Michał Zawisza, Partner Avallon MBO FUND
The company has attracted our attention primarily because of its unique technology, which can be implemented in most industries, and its use of modern machinery. Compared with the countries of the Western Europe, North America and Asia, the Central Europe has insufficient experience in the use of surface engineering technology. The challenge of the project will be to commercialise the technologies and applications in new areas. We believe that the experience and motivation of the members of the Management Group – the partners of the Fund, are a guarantee of success. Avallon has already begun conducting market research introducing its existing contacts into the project, which we believe will translate into obtaining new, attractive customers. The major benefits for industrial plants to implement Plasma technology system are economical. Savings are achieved primarily through increasing the efficiency of machines, equipment and production lines; extending the periods between repairs or reducing the costs of purchase of spare parts.
PLASMA SYSTEM Co (www.plasmasystem.pl)
as an independent company has existed since 2004. They implement innovative technologies in engineering topcoats used in many industries. Plasma is a leading company in high‑tech welding, laser hardening and thermal spraying. It has a fully robotised production lines, equipped with high power lasers. The company headquarters and its production facilities are located in Siemianowice Slaskie. The company employs over 100 people, of which nearly 40% are engineers.
Avallon MBO FUND II (www.Avallon.pl) Plasma SYSTEM Co is the seventh investment of the Fund , which was established in December 2012 and specialises in transactions carried out jointly with managers. Its previous transactions have been: Novo Tech Ltd – manufacturer of products based on polymer technology; EMERSON DC- leader of promotional and transactional mailing; Zaberd Co – Polish market leader in road maintenance; MPS International Ltd – manufacturer of cosmetics, packaging and cleaning products; ORE Co – leader in the field of corporate buyers; and Velvet CARE Ltd – manufacturer of hygienic products for everyday use.
Avallon is a pioneer in management buyouts in Poland working in this area since 2001. Investors of the Fund are international financial institutions, such as European Bank for Reconstruction and Development, and the funds managed by the Swiss company Akina Partners. The Fund invests in various industries, mainly in companies with a turnover of PLN 50 to 250 million. In September 2015, Avallon was nominated a candidate in a category of the Rising Star of the fourth edition of Private Equity Exchange Awards for Central and Eastern Europe and Russia. The contest gala and announcing of the winners will take place in Paris on 3rd December 2015.
Avallon MBO FUND II finalises its seventh investment with the purchase of a majority stake from Plasma SYSTEM Co in Siemianowice Slaskie.
Avallon, in close cooperation with the existing management team chaired by Mr Sławomir Wawrzyniak, signed an investment agreement on 21 September 2015, detailing the particulars of the investment process.
In order to execute the transaction in a form of management buyout, there was established Plasma MBO’s SPV financed by the Group of Management and the Fund.
Plasma System is an innovative technology company, which offers services in the field of surface engineering, which uses advanced technology of laser depositing and thermal spray coating. The use of innovative technologies and advanced materials can significantly prolong life of machine parts used in all industries, which are otherwise exposed to fast wear and tear.
The company’s dynamic development was possible thanks to the EU funds assigned to research, development and investment. The company has a modern production facility, equipped with unique in Europe machinery and equipment. The company’s customers are large industrial concerns, such as Babcock Borsig Steinmüller GmbH, Bełchatów PGE GiEK Co Power Station, GDF Suez Power Station Polaniec Co, Vattenfall Heat Poland Co, Power Station Rybnik – EDF Poland Co, PGE ElPower Station Opole Co, PKE Co, Veolia Energy Lodz ARE , Doosan Babcock Energy Poland Ltd, ALSTOM Power Ltd, Arcelor Mittal Poland Co or Fan Factory FAWENT Co. From its very beginning, Plasma System’s strength has always been a unique ‘know‑how’ approach, developed by a team of people with passion.
The company’s expertise is validated by various patents and protection rights.The value of the transaction has not been made public.
The transaction was coordinated by the law firm JGA from Katowice.
Sławomir Wawrzyniak, Leader of PLASMA SYSTEM’s Management Group
The rapid development of the company has been possible thanks to efficient use of the EU funds (Operational Programme of Innovative Economy) and other funds raised from investors via NewConnect. The Board of Plasma Systems believed that opportunities for further development of the company were possible through expanding into foreign markets and acquiring a friendly partner‑investor. The search for one lasted for several years, but it was only when the Managers Group came up with the initiative of engaging themselves financially and the System’s previous owner decided to sell the company’s shares that it gained the form of an MBO.The factor that prompted the managers to choose the MBO procedure was a strong sense of the company’s value and the belief in its further development.
The Avallon Fund met the expectations of the Board – the most promising among other investors, it best understood the character of our company and thanks to its portfolio of existing contacts showed potential prospects of enabling us to expand both into domestic and foreign markets. Finally, these synergies as well as high morale and professionalism of the representatives of the Avallon Fund assured us of our choice.
Alexander Borek, Chairman of the Board of SYSTEM Co
The main impulse to start the search for an investor for the company was the realisation that its further development required a strong and competent partner who would aim to work closely with the management leaders, who were the main force behind building the company’s strong position.
Finding the right investor for your business is a long and complicated process, so it is worth to be well prepared and to plan it in advance. The most important elements of such a process are careful planning of all operations, including a close analysis of the finances, and employing highly qualified and competent staff who strongly identify themselves with the objectives of the company. From the company’s very beginnings, I have always been strongly involved (also emotionally) in a success of the whole project called Plasma System, and that is why it was important for me not only to maximise the value of the transaction, but also to be certain that the transfer would go into the hands of a responsible investor, who would be able to stimulate the company’s further development. A good few months of successful negotiations ensured me that Avallon was such a partner.
At this point, I would also like to thank the whole team for long‑term commitment to the development of Plasma System. Without their tremendous dedication and belief in success it would have not been possible to create a high technology company so unique in Europe.
Michał Zawisza, Partner Avallon MBO FUND
The company has attracted our attention primarily because of its unique technology, which can be implemented in most industries, and its use of modern machinery. Compared with the countries of the Western Europe, North America and Asia, the Central Europe has insufficient experience in the use of surface engineering technology. The challenge of the project will be to commercialise the technologies and applications in new areas. We believe that the experience and motivation of the members of the Management Group – the partners of the Fund, are a guarantee of success. Avallon has already begun conducting market research introducing its existing contacts into the project, which we believe will translate into obtaining new, attractive customers. The major benefits for industrial plants to implement Plasma technology system are economical. Savings are achieved primarily through increasing the efficiency of machines, equipment and production lines; extending the periods between repairs or reducing the costs of purchase of spare parts.
PLASMA SYSTEM Co (www.plasmasystem.pl)
as an independent company has existed since 2004. They implement innovative technologies in engineering topcoats used in many industries. Plasma is a leading company in high‑tech welding, laser hardening and thermal spraying. It has a fully robotised production lines, equipped with high power lasers. The company headquarters and its production facilities are located in Siemianowice Slaskie. The company employs over 100 people, of which nearly 40% are engineers.
Avallon MBO FUND II (www.Avallon.pl) Plasma SYSTEM Co is the seventh investment of the Fund , which was established in December 2012 and specialises in transactions carried out jointly with managers. Its previous transactions have been: Novo Tech Ltd – manufacturer of products based on polymer technology; EMERSON DC- leader of promotional and transactional mailing; Zaberd Co – Polish market leader in road maintenance; MPS International Ltd – manufacturer of cosmetics, packaging and cleaning products; ORE Co – leader in the field of corporate buyers; and Velvet CARE Ltd – manufacturer of hygienic products for everyday use.
Avallon is a pioneer in management buyouts in Poland working in this area since 2001. Investors of the Fund are international financial institutions, such as European Bank for Reconstruction and Development, and the funds managed by the Swiss company Akina Partners. The Fund invests in various industries, mainly in companies with a turnover of PLN 50 to 250 million. In September 2015, Avallon was nominated a candidate in a category of the Rising Star of the fourth edition of Private Equity Exchange Awards for Central and Eastern Europe and Russia. The contest gala and announcing of the winners will take place in Paris on 3rd December 2015.
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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.”




