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The Renaissance Group has been active in Central Europe since 1994. Its roots, however, are much deeper and date back to 1950, when Franklin Pitch Johnson, as one of the pioneers, was defining a new asset class called Venture Capital in his investment activities. After the transformation of Central Europe to a free market economy, with his support a group of experienced businessmen brought European Renaissance Capital to life. Together with associated companies they were among pioneers of Venture Capital investment activities in Poland, the Czech Republic, and Slovakia.

The launch of the second fund, European Renaissance Capital II, in 2000 marks the next milestone in the Renaissance Group’s development.

European Renaissance Capital was raised from funds entrusted by such reputable financial institutions as the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), ABN AMRO Bank, Asset Management Partners, and foreign pension funds.

In their recent history, Renaissance Funds have invested in 29 projects in Poland, the Czech Republic and Slovakia. Poland accounts for most of the investment allocation and brings the best results. Teaming up investment and support from Renaissance with business ideas and entrepreneurial effort have resulted in achieving overwhelming success.

Here are some examples of investments in Poland:

HTL Strefa  - world-leading manufacturer of single use needles for diabetics, exporting over 90% of its production. Its market success was recognized by stock market investors who accepted the company’s valuation of 1 billion PLN during the 2006 IPO.

Techmex  - public company, one of the leaders on the Polish IT market. Its current business strategy is focused on developing Geographic Information Systems (GIS).

Communication One - group of associated companies led by Call Center Poland, a leading provider of Business Process Outsourcing servicing both to businesses and their customers.

In the Czech Republic, Renaissance successfully acquired, restructured, and sold the portfolio of the Czech-American Enterprise Fund.

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