
Joanna Wiśniewska
Marketing and PR Manager j.wisniewska@avallon.pl
Hagen PR
Wojciech Dziewit
wojtek@hagen.pl
Jacek Kłos, Piotr Szczecki, Piotr Niewiadomski i Robert Więcławski
Avallon MBO has sold a majority stake in ZABERD S.A. The fund invested in this company in 2015 as part of Avallon MBO Fund II. During this time, the company has successfully doubled the value of the investment, and it has increased its turnover by as much as 60%, while maintaining high profitability. The company’s market share increased from 10 to 15 %. ZABERD’s operating profit (EBIDTA) for 2020 amounted to PLN 15,5 million. Thanks to the exit, Avallon has obtained a rate of return in the amount twice as high as the capital it had invested.
– Our investment in ZABERD S.A. was essential for us as a fund. We have managed to gain a lot of experience in the sector in which we never invested before. The more so because this industry is characterized by very specific legislative regulations. Thanks to the current, very good cooperation with the managers whose experience in this industry is extensive, it has been possible to increase the scale of the company’s operations and develop an evidently better market position – says Robert Więcławski, the senior partner at Avallon MBO. – We’ve managed to achieve the operational goals we forecasted at the beginning of our entry. For us, it is the first exit this year, but not the last one; more interesting exits are on their way. In addition, new investments are coming, as we are focusing on the Avalon MBO III Fund, whose procedures we are currently finalizing – adds Więcławski.
ZABERD S.A. from Wrocław, employing over 250 people, is a service company dealing, among others, with road and comprehensive traffic safety, maintenance of the national roads, implementation of works related to signage and lighting, installations of energy‑consuming barriers and traffic lights, developing ITS systems or organizing substitute traffic. The company has several field offices and its own machinery park, enabling comprehensive implementation of services anywhere in the country. Avallon has sold its shares to a group of managers who have been involved in the company’s development for years. Paweł Zawadzki will remain the company’s president.
– After the exit, we are going to continue our strategy of growing. This is possible thanks to the EU funds flowing into Poland, from which further road and infrastructure investments are carried being out, which in turn means an increase in expenditure on their maintenance. Avallon is a great partner. Its contribution to building the company’s value is multidimensional, with financial support being only one element of cooperation with them. They understand how businesses are run, and they are highly supportive in difficult moments. Now, we are entering another stage of long‑term strategy… – says Paweł Zawadzki, ZABERD S.A.
Jacek Kłos, Piotr Szczecki, Piotr Niewiadomski i Robert Więcławski
Avallon MBO has sold a majority stake in ZABERD S.A. The fund invested in this company in 2015 as part of Avallon MBO Fund II. During this time, the company has successfully doubled the value of the investment, and it has increased its turnover by as much as 60%, while maintaining high profitability. The company’s market share increased from 10 to 15 %. ZABERD’s operating profit (EBIDTA) for 2020 amounted to PLN 15,5 million. Thanks to the exit, Avallon has obtained a rate of return in the amount twice as high as the capital it had invested.
– Our investment in ZABERD S.A. was essential for us as a fund. We have managed to gain a lot of experience in the sector in which we never invested before. The more so because this industry is characterized by very specific legislative regulations. Thanks to the current, very good cooperation with the managers whose experience in this industry is extensive, it has been possible to increase the scale of the company’s operations and develop an evidently better market position – says Robert Więcławski, the senior partner at Avallon MBO. – We’ve managed to achieve the operational goals we forecasted at the beginning of our entry. For us, it is the first exit this year, but not the last one; more interesting exits are on their way. In addition, new investments are coming, as we are focusing on the Avalon MBO III Fund, whose procedures we are currently finalizing – adds Więcławski.
ZABERD S.A. from Wrocław, employing over 250 people, is a service company dealing, among others, with road and comprehensive traffic safety, maintenance of the national roads, implementation of works related to signage and lighting, installations of energy‑consuming barriers and traffic lights, developing ITS systems or organizing substitute traffic. The company has several field offices and its own machinery park, enabling comprehensive implementation of services anywhere in the country. Avallon has sold its shares to a group of managers who have been involved in the company’s development for years. Paweł Zawadzki will remain the company’s president.
– After the exit, we are going to continue our strategy of growing. This is possible thanks to the EU funds flowing into Poland, from which further road and infrastructure investments are carried being out, which in turn means an increase in expenditure on their maintenance. Avallon is a great partner. Its contribution to building the company’s value is multidimensional, with financial support being only one element of cooperation with them. They understand how businesses are run, and they are highly supportive in difficult moments. Now, we are entering another stage of long‑term strategy… – says Paweł Zawadzki, ZABERD S.A.
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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




