Marek Jakubczyk appointed V-ce President of PMPG SA
Marek Jakubczyk was appointed V-ce President of the Management Board of Platforma Mediowa Point Group (WSE: POINTGROUP (PGM)). He will take up the newly-established position of General Director of PMPG SA holding. The decision was approved on Tuesday by the Supervisory Board of the Company, upon a motion of the majority shareholder and President of the Management Board, Michał M. Lisiecki.
At the same time, Mr. Jakubczyk ceased to be a member of the Supervisory Board which position he assumed as of February 13, 2009. Composition of the Board will be completed at the next General Shareholders' Meeting convened at the end of June.
"While working together with Management Board members on behalf of the Supervisory Board for the past few months, Mr. Jakubczyk demonstrated his broad knowledge and experience, especially in the field of merges and acquisitions and restructuring of companies pressed for development. His appointment as a Management Board member and entrusting him with the function of General Director of PMPG SA, which is a newly-established function in the Group's structure, will allow us to use this knowledge and experience more effectively, especially in the light of market challenges faced by the company and from the perspective of pending and planned acquisitions" - says Michał M. Lisiecki, President of PMPG SA Management Board. At the same time, he anticipates assignment of some competences with respect to current management to the new Management Board member, whereas he will focus on planning the Company's strategy and development and on identifying new sources of revenue.
Marek Jakubczyk is a partner at Tigon Capital Limited where he is responsible for the Polish and Ukrainian markets as well as markets of the Baltic states. He is a private capital markets specialist. Prior to work at Tigon, he was a managing partner at Capital Park, real property investments company where he was responsible for investment activities in the Ukraine. Formerly, he acted as V-ce President of Darby Europe and Dresdner Kleinwort Capital (transformed into: Allianz Specialised Investments) investment funds. He was very successful with fund raising activities for Dresdner Kleinwort Capital (USD 225 million) and Darby Overseas (EUR 300 million). At Allianz Specialised Investments he was responsible for the whole investment cycle for Euromedic International NV and Etel Group Limited (as a result, the business was exited to Telekom Austria for 90 million EUR).
Mr. Jakubczyk has a degree in Control and Computer Engineering and an MBA. He also serves on the boards of Bydgoszcz Airport and Mazovian Sochaczew Airport.
Private equity skills:
Fund raising: He successfully completed fund raising efforts for Dresdner Kleinwort Capital private equity (USD 225 million) and Darby Overseas Mezzanine Fund (EUR 300 million). Both were first time funds and both included blue chip limited partners, i.e. CalPERS, KIO, Mizuho Bank, GIMV.
Private equity restructuring: While at Dresdner Kleinwort Capital, he was responsible for the monitoring, restructuring and developing solutions for an alternative telecom investment project - Etel Group Limited. The fund invested into the company in December 2000 at a very high dot com bubble valuation. When, in the face of market changes brought about by rapid growth in the number of companies operating on Internet, the original business plan didn't work, he implemented a far reaching restructuring plan that included: providing the company with bridge loans and implementing debt for equity swap, changes in the company's management structure and appointing an Executive Chairman, selectively acquiring telecom assets from bankruptcy proceedings, transferring most central functions to Vienna and refocusing the business on the Austrian market and eliminating unprofitable products. As a result, the business was exited for ca. EUR 90 million to Telekom Austria in 2007.
Private equity expansion: Dresdner Kleinwort Capital fund invested in a healthcare services company operating diagnostic and dialysis centres, which grew from seven locations in a single country in 2000 to 20 locations in four countries by the end of 2002, and 35 locations by mid 2005.
