TEP Capital

TEP Capital concentrates on Central and Eastern Europe, with Poland as its primary market and activity extending to the Czech Republic, Romania, the Baltic states, and select Southeast European economies. The firm benefits from on-the-ground sourcing in Warsaw, a market where deep local relationships often determine access to founder-owned businesses and privatized former state enterprises. It does not publicly indicate plans to expand beyond the CEE region.

The firm targets mid-market companies with enterprise values generally below €100 million, spanning manufacturing, business services, and consumer sectors common to the CEE economy. Target companies are often founder-led and undergoing first-generation professionalization, or corporate divisions being carved out by Western European parent companies simplifying their regional footprints. The emphasis is on businesses where operational intervention — not just capital — can unlock value.