Jacek Czech, founder and CEO of TLC commented:

“Since its very inception, TLC Group has been growing very dynamically and has now attracted the interest of Bank BGŻ BNP Paribas S.A. which became the group’s minority shareholder. The capital injection will allow us to maintain the solid growth pace as well as implement the ambitious investment strategy to further develop TLC’s production facility in Gorlice and capitalize on new business opportunities with our rental business.”

About Capital Development within BGŻ BNP PARIBAS
Capital Development is an activity conducted in Poland by Bank BGŻ BNP Paribas S.A. The project is based on the long-standing experience of the BNP Paribas Group in investing in minority stakes of growing companies through the subsidiary – BNP Paribas Développement. Over the last 20 years, BNP Paribas Développement has invested in several hundreds of companies, its portfolio encompasses today over 300 participations.
The major objective of the Capital Development activity in Poland is to accompany growing mid caps with already proven business model by taking minority participation in equity to boost further growth. The aim is to help companies facing the development period and strengthening their market position in optimal conditions. BGŻ BNP Paribas assumes not to interfere in operational management but rather to help the shareholders to manage key steps of the evolution of their Company. Investments are made in both industrial and service businesses while the strategy is to take only minority stakes, whilst the founders/managers have to keep a strong interest in their Company, preferably engaging their own financial resources.

About TLC Sp. z o.o. and TLC Rental Sp. z o.o.
TLC Sp. z o.o. was established in 2005 by Jacek Czech and Thomas Lingefelt with the original concept to produce temporary construction fencing. The production plant was established in Gorlice, which has a long tradition in specialized manufacturing industry being the home of the Polish refinery industry.

Currently, TLC and TLC Rental specialize in manufacturing, sale and rental of steel stairs, platforms and temporary fencing. The product range includes: industrial stairs, edge protection systems and mobile, temporary fencing used on construction sites.

TLC continues with dynamic development on Polish and other European markets and the founders decided to support further growth with a minority equity partner. TLC sees an opportunity in further growth thanks to innovative technology, excellent quality and professional customer approach.