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Private company

Enterprise Investors

Logo: ei.com.pl3

It was founded by Polish American Enterprise Fund.1

Enterprise Investors – firma inwestycyjna typu private equity i venture capital z siedzibą w Warszawie, założona w 1992 przez Johna P. Birkelunda i Roberta Farisa z inicjatywy Polsko-Amerykańskiego Funduszu Przedsiębiorczości, która od tamtej pory zarządzała jego inwestycjami. Specjalizuje się w wykupach oraz dostarczaniu kapitału na etapie wzrostu w spółkach zlokalizowanych w Europie Środkowo-Wschodniej.2 From the Polish Wikipedia, CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

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Corporate structure

Enterprise Investors sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Enterprise Investors

  • Jacek Siwicki Owns 10% to 25% of Enterprise Investors, since 09/2006 (Form ADV)
  • Michal Antonii Rusiecki Owns 10% to 25% of Enterprise Investors, since 12/2015 (Form ADV)
  • Rafal Wladyslaw Bator Owns 10% to 25% of Enterprise Investors, since 12/2015 (Form ADV)
  • Sebastian Janusz Krol Owns 10% to 25% of Enterprise Investors, since 12/2015 (Form ADV)
  • Tadeusz Julian Galkowski Owns 5% to 10% of Enterprise Investors, since 09/2006 (Form ADV)
  • Dariusz Romuald Pronczuk Owns 10% to 25% of Enterprise Investors, since 12/2015 (Form ADV)
  • Michal Sylwester Kedzia Owns 10% to 25% of Enterprise Investors, since 06/2018 (Form ADV)
  • Tomasz Ciborowski Owns 10% to 25% of Enterprise Investors, since 01/2020 (Form ADV)

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G; owners and owned firms from Form ADV, the registration investment advisers file with the SEC. Each entity in the chart links to its source.

Investment adviser

Enterprise Investors is registered with the SEC as an investment adviser. This is what it reports on Form ADV, the registration every adviser files and keeps current.

  • Assets it manages$1.3B4 9 accounts, all with discretion
  • Employees36 24 in investment advice or research
  • ClientsPooled investment vehicles (other than investment companies and: 9 ($1.3B)
  • How it is paidA percentage of assets under its management; Performance-based fees
  • What it doesPortfolio management for pooled investment vehicles (other than investment companies)
  • Holds client assetsYes: cash and securities
  • RegistrationSEC 801-74447, CRD 160833 IAPD record

Who owns it

Owners of 5% or more as the firm lists them (Schedule A), and the owners of those owners up the chain (Schedule B).

  • Rafal Wladyslaw Batorowns 10% to 25%, since 12/2015
  • Tomasz Ciborowskiowns 10% to 25%, since 01/2020
  • Sebastian Janusz Krolowns 10% to 25%, since 12/2015
  • Michal Sylwester Kedziaowns 10% to 25%, since 06/2018
  • Dariusz Romuald Pronczukowns 10% to 25%, since 12/2015
  • Michal Antonii Rusieckiowns 10% to 25%, since 12/2015
  • Jacek Siwickiowns 10% to 25%, since 09/2006
  • Tadeusz Julian Galkowskiowns 5% to 10%, since 09/2006

Disciplinary record

The firm answered yes to 2 of the disciplinary questions on Form ADV (Item 11). A yes can concern the firm itself or an affiliate.

  • Any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority has found the firm or an advisory affiliate to have been involved in a violation of investment-related regulations or statutes.
  • In the past ten years, any other federal regulatory agency, any state regulatory agency, or any foreign financial regulatory authority has entered an order against the firm or an advisory affiliate in connection with an investment-related activity.

Each event as the firm describes it on its Disclosure Reporting Pages:

BANK OF LITHUANIA · Mar 5, 2021 · fine $117,410 · on appeal about Ciborowski, Tomasz

Allegations: TOMASZ CIBOROWSKI, A PARTNER, OFFICER AND SHAREHOLDER OF EIC HAS BEEN FINED BY THE BANK OF LITHUANIA (BOL) FOR AN ALLEGED BREACH RELATED TO THE SALE OF AB "NOVATURAS" (NOVATURAS) SHARES ON THE NASDAQ VILNIUS DURING AN ACCELERATED BOOK BUILDING (ABB) IN NOVEMBER 2019. THE FINE HAS BEEN UPHELD BY A LITHUANIAN COURT. TOMASZ CIBOROWSKI HAS APPEALED THE VERDICT TO A HIGHER COURT WHICH IS CURRENTLY PENDING.

Sanction: Civil and Administrative Penalt(ies) /Fine(s)

How it ended: Order

Detail: FINE OF $117,410 LEVIED AGAINST TOMASZ CIBOROWSKI. PAYMENT PENDING RESOLUTION OF THE APPEAL.

Summary: THE FINE HAS BEEN UPHELD BY A LITHUANIAN COURT. TOMASZ CIBOROWSKI HAS APPEALED THE VERDICT TO A HIGHER COURT WHICH IS CURRENTLY PENDING. No Information Filed

Resolved: Feb 10, 2022

What it owns

What Enterprise Investors reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Founded by Polish American Enterprise Fund.1

Subsidiaries and ownership

Also owns

From Wikidata.1

Acquisitions

  1. 2018Acquired Studenac Market1
  2. 2012Scitec became a subsidiary1

Sources

The numbers on this page point here. Each one links to the record it came from.

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