U.K.-based buyout firm Mid Europa Partners LLP agreed to sell Polish cable car operator Polskie Koleje Linowe to the Polish Development Fund for an undisclosed amount.
The transaction will be effected through the sale of the private equity firm's holding company that owns 99.8% of Polskie Koleje.
The deal, which is subject to inter alia customary competition authority clearance, is expected to be completed later this year.
Polskie Koleje provides cable car, funicular, ski lift and ski slope services in seven Polish mountain locations. Mid Europa Partners is a buyout investor that focuses on growth markets in Central and Eastern Europe.
Rothschild & Co was the exclusive financial adviser to Mid Europa, while CMS was its legal counsel. PwC and EY served as transaction services advisers.