Venture Capital

The track record of the HCM Group may be illustrated by the oldest transaction – Roma International, an ice cream producer financed at an early stage of its development.

After a rigorous due diligence process, which revealed a double digit demand growth, high quality management, modern equipment, and good location securing significant expansion, HCM supplied Roma with seed/expansion capital to allow Roma to finalize its investment in a state-of-the-art manufacturing facility and start operations with sufficient levels of working capital.

Subsequently, HCM, appointed again as Roma’s advisor in its strategic planning, originated and executed a trade sale to Unilever, which resulted in a twenty two-fold increase in the valuation of the company. This transaction was described in February 1995 as “Poland’s most spectacular deal to date” by Business Central Europe, a monthly publication of The Economist. It was also, at the time, one of the largest investments in a Polish company and the first sale of a Polish private firm to a Western strategic investor.