Bank BGŻ BNP Paribas S.A. invests in a minority stake of TLC group

November 2017

Bank BGŻ BNP Paribas S.A. invests in a minority stake of TLC group

Bank BGŻ BNP Paribas S.A., within the existing Capital Development activity, concluded an investment agreement with TLC Sp. z o.o, TLC Rental Sp. z o.o. and their founders and majority shareholders – Jacek Czech and Thomas Lingefelt. As a result of this transaction, BGŻ BNP Paribas became a minority shareholder and provided financing for further dynamic growth of TLC group of companies.

TLC is the leading producer of steel industrial stairs, platforms, railings and temporary fencing. Their products are used in various building and construction sites as safety and access elements – such as external evacuation stairs in production plants, hotels, residential buildings. The company has own design team able to cater for specific need of various buildings in Poland and abroad. TLC employs 200 persons in its modern production plant located in Gorlice, southern Poland.

Capital Development is an activity conducted in Poland by Bank BGŻ BNP Paribas S.A. Investment in TLC group makes the tenth in Poland made by the local team, while Capital Development offer was launched in 2014.

 

 

Jacek Czech, founder and CEO of TLC commented:

„Since its very inception, TLC Group has been growing very dynamically and has now attracted the interest of Bank BGŻ BNP Paribas S.A. which became the group’s minority shareholder. The capital injection will allow us to maintain the solid growth pace as well as implement the ambitious investment strategy to further develop TLC’s production facility in Gorlice and capitalize on new business opportunities with our rental business.”

About Capital Development within BGŻ BNP PARIBAS
Capital Development is an activity conducted in Poland by Bank BGŻ BNP Paribas S.A. The project is based on the long-standing experience of the BNP Paribas Group in investing in minority stakes of growing companies through the subsidiary – BNP Paribas Développement. Over the last 20 years, BNP Paribas Développement has invested in several hundreds of companies, its portfolio encompasses today over 300 participations.
The major objective of the Capital Development activity in Poland is to accompany growing mid caps with already proven business model by taking minority participation in equity to boost further growth. The aim is to help companies facing the development period and strengthening their market position in optimal conditions. BGŻ BNP Paribas assumes not to interfere in operational management but rather to help the shareholders to manage key steps of the evolution of their Company. Investments are made in both industrial and service businesses while the strategy is to take only minority stakes, whilst the founders/managers have to keep a strong interest in their Company, preferably engaging their own financial resources.

About TLC Sp. z o.o. and TLC Rental Sp. z o.o.
TLC Sp. z o.o. was established in 2005 by Jacek Czech and Thomas Lingefelt with the original concept to produce temporary construction fencing. The production plant was established in Gorlice, which has a long tradition in specialized manufacturing industry being the home of the Polish refinery industry.

Currently, TLC and TLC Rental specialize in manufacturing, sale and rental of steel stairs, platforms and temporary fencing. The product range includes: industrial stairs, edge protection systems and mobile, temporary fencing used on construction sites.

TLC continues with dynamic development on Polish and other European markets and the founders decided to support further growth with a minority equity partner. TLC sees an opportunity in further growth thanks to innovative technology, excellent quality and professional customer approach.

Contact

 

Bank BGŻ BNP Paribas S.A.
ul. Kasprzaka 10/16
01-211 Warszawa

 

Joanna Plasek
Investment Manager
+48 22 566 91 70
Joanna.plasek@bgzbnpparibas.pl

 

 

Jacek Czech
Board Member TLC
+48 18 534 47 99

 

Adam Sarnowski
Head of Capital Development Bureau
+48 22 566 90 86
adam.sarnowski@bgzbnpparibas.pl

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