
Joanna Wiśniewska
Marketing and PR Manager j.wisniewska@avallon.pl
Hagen PR
Wojciech Dziewit
wojtek@hagen.pl
Lodz based Private Equity Fund Avallon MBO FUND II, specialising in management buyout transactions on the Polish market, implements another investment with the Managers, taking over the majority of company shares.
As part of the MBO (Management Buy Out) transaction, on 30 April Avallon, together with the leader of Management Group – Mr Paweł Zawadzki (CEO) and other key members of the team signed an agreement of shares buyout from Mezzanine Management. Currently, Zaberd Ltd is comprehensively engaged in the maintenance and construction of road infrastructure. Management Group and Avallon are jointly working towards a dynamic development of the road maintenance and intelligent control systems, and Zaberd Ltd becoming a leader in the field. In the transaction process, the Fund was assisted by the Group of Lawyers -Ginckaj JGA, Morawiec, Olszewski, Stankiewicz Partnership.
The value of transaction has not been made public.
Paweł Zawadzki, ZABERD Ltd Chairman of the Board:
Since Poland joined the EU, we have been observing the changes that have taken place thanks to the EU funds . Dozens of billions of zlotys allocated for the construction of new roads contributed to the rapid growth of road infrastructure and, consequently, increased expenditure on the maintenance of the newly created infrastructure. The recent years of Zaberd activity are characterised by a careful selection of staff and preparing them for undertaking the biggest and most complicated challenges in the area. Gaining Avallon as a partner, who secures financial stability and provides support for necessary development, means that our ambitious plans are becoming fully realistic.
Robert Więcławski, Avallon’s Partner:
Zaberd Ltd is the Fund’s first investment in the sector of services related to the maintenance of roads and intelligent traffic control systems. We are consequently implementing Avallon’s strategy of “Investing with Managers.” In this case, they are the people who have worked in the company for many years, form a stable
management team with a unique and rich experience – which is crucial for us. In this relatively new sector of business in Poland, we can see a lot of potential for development. We believe that the combination of Zaberd’s new, dynamic approach with our experience will enable the company to play the leading part on the market. We do not rule out the further acquisitions in the sector.
ZABERD S.A. (www.zaberd.com.pl) – a company of a service profile engaged in road safety and comprehensive maintenance of national road conditions in winter and summer, executing work on road signs and markings, lighting, crash barriers, traffic lights, development of ITS , organising traffic replacement, etc. The company headquarters is located in Wroclaw and operating in branch offices. It has its own machinery plant, which allows for a comprehensive implementation of services throughout the country. Zaberd Ltd currently employs approximately 250 people.
Avallon MBO FUND II (www.Avallon.pl) – Zaberd Ltd is the fourth investment of the Fund, which was established in December 2012 and specializes in transactions carried out jointly with managers. This previous ones were: MPS International Ltd – a manufacturer of cosmetics, packaging and cleaning products, ORE – a leader in the field of corporate purchasing, and Velvet CARE Ltd – a manufacturer of hygiene products for everyday use. Avallon is a pioneer in management buyouts in Poland, operating in this area since 2001. The Fund investors 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 a variety of industries, mainly in companies with a turnover of between 50 to 250 million zlotys.
Lodz based Private Equity Fund Avallon MBO FUND II, specialising in management buyout transactions on the Polish market, implements another investment with the Managers, taking over the majority of company shares.
As part of the MBO (Management Buy Out) transaction, on 30 April Avallon, together with the leader of Management Group – Mr Paweł Zawadzki (CEO) and other key members of the team signed an agreement of shares buyout from Mezzanine Management. Currently, Zaberd Ltd is comprehensively engaged in the maintenance and construction of road infrastructure. Management Group and Avallon are jointly working towards a dynamic development of the road maintenance and intelligent control systems, and Zaberd Ltd becoming a leader in the field. In the transaction process, the Fund was assisted by the Group of Lawyers -Ginckaj JGA, Morawiec, Olszewski, Stankiewicz Partnership.
The value of transaction has not been made public.
Paweł Zawadzki, ZABERD Ltd Chairman of the Board:
Since Poland joined the EU, we have been observing the changes that have taken place thanks to the EU funds . Dozens of billions of zlotys allocated for the construction of new roads contributed to the rapid growth of road infrastructure and, consequently, increased expenditure on the maintenance of the newly created infrastructure. The recent years of Zaberd activity are characterised by a careful selection of staff and preparing them for undertaking the biggest and most complicated challenges in the area. Gaining Avallon as a partner, who secures financial stability and provides support for necessary development, means that our ambitious plans are becoming fully realistic.
Robert Więcławski, Avallon’s Partner:
Zaberd Ltd is the Fund’s first investment in the sector of services related to the maintenance of roads and intelligent traffic control systems. We are consequently implementing Avallon’s strategy of “Investing with Managers.” In this case, they are the people who have worked in the company for many years, form a stable
management team with a unique and rich experience – which is crucial for us. In this relatively new sector of business in Poland, we can see a lot of potential for development. We believe that the combination of Zaberd’s new, dynamic approach with our experience will enable the company to play the leading part on the market. We do not rule out the further acquisitions in the sector.
ZABERD S.A. (www.zaberd.com.pl) – a company of a service profile engaged in road safety and comprehensive maintenance of national road conditions in winter and summer, executing work on road signs and markings, lighting, crash barriers, traffic lights, development of ITS , organising traffic replacement, etc. The company headquarters is located in Wroclaw and operating in branch offices. It has its own machinery plant, which allows for a comprehensive implementation of services throughout the country. Zaberd Ltd currently employs approximately 250 people.
Avallon MBO FUND II (www.Avallon.pl) – Zaberd Ltd is the fourth investment of the Fund, which was established in December 2012 and specializes in transactions carried out jointly with managers. This previous ones were: MPS International Ltd – a manufacturer of cosmetics, packaging and cleaning products, ORE – a leader in the field of corporate purchasing, and Velvet CARE Ltd – a manufacturer of hygiene products for everyday use. Avallon is a pioneer in management buyouts in Poland, operating in this area since 2001. The Fund investors 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 a variety of industries, mainly in companies with a turnover of between 50 to 250 million zlotys.
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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.”




