THC Private Equity Fund

THC is one of the leading private equity funds
in Central Europe investing in SMEs.

We are a partner to:


Searching for growth capital


  • Growth funding
  • Support in business  reorganization and scaling
  • Exit opportunity


Planning to sell their enterprises

  • Strengthening management and planning succession
  • Stable development of  business which is the result of the lifetime work
  • Exit opportunity


Who wish to become shareholders (MBO/MBI)

  • Financing company takeover and growth
  • Attractive incentive schemes

Capital groups

Selling non-strategic assets

  • Acquisition of non-core assets
  • Ensuring post-transaction growth
  • Flexibility and quick decision-making process

We are looking for companies

  • With unique products, expertise or business model
  • With a substantial potential of growth in revenue and profitability
  • With a possibility of consolidating the market on which they operate
  • With an experienced and competent Management Board
  • With possibilities of control from the level of Supervisory Boards
  • Whose scale of operations justifies investment of PLN 10 to 100 million

Investment areas


Industrial Companies applying unique technologies, operating on markets with significant entry barriers.

Solutions for

With particular focus on manufacturers of state-of-the-art solutions for the power industry, used in production and distribution of energy.

New technologies,
internet, SaaS

Companies with particular emphasis on Internet, new forms of product distribution on B2B and B2C platforms.

Services for
business, logistics

Companies offering broadly defined services to business clients, including in particular, logistics and supply chain management.


Ready meals manufacturer

Dental group

Press tools producer

Complex relocations and installations of plant

Technical plastic parts

Aluminium pressure die casting

Modern nicotine products

Industrial automation and robotics

Specialty vehicles

Intelligent vending machines

Medical imaging diagnostics

Material handling solutions

Solutions for energy and oil & gas sector

Logistics operator

Logistics operator

Heat-shrinkable products

Hot-dip zinc coating

Air flight ticket booking service

Air flight ticket booking service

Electrotechnical porcelain

Hot-dip zinc coating

Technical fabrics

Systems investment

Logistics operator

Software in SaaS model

Ecological building materials

Solutions for transmission lines

Hot-dip zinc coating

Medical imaging diagnostics


Arkadiusz Glinka 3

Arkadiusz Glinka

Shareholder and President of Apreo Logistics S.A.

Tar Heel Capital has actively supported me in making strategic decisions and setting a course for development. Over a short time we have managed to make Apreo one of the leading logistics companies. We have become the leader of the sector in Poland and a major player in the European market in just 5 years, with a tenfold revenues growth.

Andrzej Sielski 2

Andrzej Sielski

Shareholder and President of RADPOL S.A.

Together with Tar Heel Capital, we restructured a state-owned enterprise. Tar Heel Capital actively supported us in entering the stock exchange (IPO). Thanks to the Board’s cooperation with the Fund strategic targets could be achieved and the company has entered a path of a dynamic development. There has been a growth in the company’s value by more than twenty times.

Mariusz Ciepły 1

Mariusz Ciepły

Shareholder and President of Livechat Software S.A.

Tar Heel Capital helped us expand our operations and open a branch in the US. The number of our customers has increased five times over the last two years, and 80% of them are US-based. As shareholders we are always discussing Company’s future and its development.


THC Fund Sells Transsystem

Oriens, an industrial holding focusing on private equity investments in the CEE region, has acquired Transsystem, a leading Polish provider of automated material handling systems for factories and warehouses, from the private equity fund THC. Established in 1991, Transsystem employs 400 people, including 60 engineers, designers, and programmers. The company specializes in designing and manufacturing […]

Case Study: A Global Leader On a Niche Market

Intensive R&D, increased production capacity, reconstruction of the product offer and diversification of target markets translated into a 3x increase in revenues, almost 4x increase in the value of EBITDA and the achievement by Rockfin, from the Tar Heel Capital portfolio, the position of a world leader in critical auxiliary systems for the energy and […]

THC Fund Sells Rockfin

THC Fund finalised the sale of 100% shares of Rockfin, a global leader of auxiliary systems for energy and production sectors. The new owner of the company is the Czech investment company, Jet Investment, which has announced its plans to build a holding engaged in energy transformation. Rockfin was founded in 1991 and currently employs […]