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| | The Bancroft Group, L.P., is a partnership which since its founding in 1989 has been focused on conducting business in Central and Eastern Europe. Its early business was providing merger and acquisition advice to US companies seeking to buy assets or establish operations in Eastern Europe. Beginning in the early 1990s, The Bancroft Group, L.P., began acquiring assets for its own account. In 1992, the firm privatised Alfa Trading Rt., Hungary's largest wholesaler of food and household goods. (An affiliate of Bancroft sold its Alfa stake in 1999.)
In 1995, the firm signed a five-year contract with USAID to provide privatisation services in Eastern Europe and the former Soviet Union.
The Bancroft Group, L.P. had its first office in Washington, D.C. In 1990, the firm opened an office in Budapest, Hungary, and in later years the firm and its affiliates established offices in Warsaw, Prague, Paris, and London. Under the USAID contract, the firm had additional offices in Moscow, Kiev, Irkutsk, Novgorod, and Tver during the mid 1990s. Today, the group's principal offices are in Budapest, Prague, Istanbul, Sofia, London and Washington, D.C.
In 1996, The Bancroft Group, L.P. launched the Bancroft Eastern Europe Fund, L.P. with the objective to make private equity investments in Eastern Europe. The Bancroft Eastern Europe Fund L.P. has made 7 Investments in media, telecommunications, and manufacturing in Hungary, Czech Republic, Romania and in a pan-European company.
In November 2002, Bancroft II, L.P. was launched, a private equity fund targeting the same region as Bancroft I plus Turkey. The Bancroft II, L.P. has made 7 Investments in food manufacturing, foodservice, manufacturing, cable television, financial services and natural resources in the Czech Republic, Slovakia, Hungary, Poland, Turkey, Estonia and Macedonia.
In June 2008, Bancroft 3, L.P. was launched, a private equity fund targeting the same region as Bancroft II plus Greece. |
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