MidEuropa has successfully sold its 99.8% stake in Polskie Koleje Linowe to the Polish Development Fund, marking the largest private equity exit in Poland's mountain leisure and tourism sector.

Target Company Overview

Polskie Koleje Linowe (PKL) stands out as the predominant and most established provider of cable cars, funiculars, ski lifts, and ski slope services in Poland. The company operates across seven prime locations in the Polish mountains, including its flagship venues at Kasprowy Wierch and Gubalowka in Zakopane, as well as Jaworzyna Krynicka in Krynica-Zdroj. Under the stewardship of MidEuropa, PKL underwent a significant transformation, adopting a service-oriented business model that puts tourist satisfaction at the forefront.

Throughout its ownership, MidEuropa invested significantly in digital advancements, fundamentally enhancing PKL’s customer interaction capabilities. This modernization was coupled with the expansion of services, including an improved dining experience, ski schools, souvenir shops, and a variety of cultural events, which collectively served to diversify the company’s revenue streams and elevate its market position.

Industry Overview in Poland

The mountain leisure and tourism industry in Poland has experienced remarkable growth over recent years, driven by increasing domestic and international tourism. The majestic Polish mountains attract millions of visitors annua