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In April 2017, the partnership of Cornerstone Partners and Oaktree Capital Management has entered into a purchase agreement to acquire ITKontrakt, an IT services outsourcing for blue-chip multinational clients domiciled in Poland as well as in Switzerland and Malaysia.
In February 2016, the partnership of Cornerstone Partners and Oaktree Capital Management has entered into a purchase agreement to acquire ProService, a specialized provider of professional support services of transfer agency, accounting, as well as advanced IT solutions for financial institutions domiciled in Poland and abroad.
In January 2016, Cornerstone Partners, alongside Bridgepoint, entered into an investment agreement to acquire Smyk, the leading retailer of childrens apparel, toys and accessories in Poland. Established in 1952 as a toy and apparel retailer in Warsaw, Smyk now operates a network of 125 stores in Poland and has a growing presence in Romania, Russia, Ukraine and Germany.
Multimedia is a leading nationwide cable operator, provider of digital television with video on demand, broadband and mobile data and fixed-line and mobile voice in Poland. The company is following a strategy of active consolidation, construction of cable networks in new regions and network acquisitions. Multimedia Polska was listed on the Warsaw Stock Exchange between 2006 and 2011. Cornerstone Partners acquired a minority equity stake in the company in 2015.
Cornerstone partners are leading the project based on consolidation of small and medium size natural gas deposits which are being turned into electricity and heat generating units. Blue Energy currently owns two licences for gas deposits and is in the process of identifying a number of new ones. The first power generating units starts its operation in June 2013.