New partner joins Apetonic

In November Peter Michna joined the Apetonic advisory company. Peter will be responsible for raising capital for new investments of Apetonic.

"Apetonic team consists of people having broad experience in business development. In the past, each of the Apetonic partners has been involved in starting up technological firms out of which the majority have become leaders in its business sector. In 2006 we combined forces and we started to work on new projects within the Apetonic company. We are very glad that Peter Michna has decided to join us and to support our team. Next year we plan to raise between 10 to 20 million PLN for new investments and Peter’s over twenty year’s experience in development and management of investment funds is extremely precious to us.” – says Peter Frey, President, Apetonic.

"This is a focused group that has several interesting projects in the pipeline. I am pleased to be working with them" - says Peter Michna.

Witold Piotr Michna has some 25 years' experience in the investment business, with the last 15 years specializing in the CEE region. During the 1980's he was in institutional equity sales at Warburg, Becker, Paribas, at Citicorp Scrimgeour Vickers, and Paribas, where he held positions of increasing responsibility to the being responsible for equity management. Since 1991, he has focused on the CEE region. He has been a founder and managing director of the Poland Growth Fund, the Raiffeisen CEE Private Equity Fund as well as one of the first independent investment banks in Poland. He is currently director of the Old and New Europe Fund, a hedge fund focusing on the CEE region and director at Nourican Ltd, an investment company which has stakes in a diversified portfolio of companies in the region.

Apetonic is an advisory company focused on starting-up ventures operating in the high-tech sector. The company was established in 2006 based on experiences of four partners and backed up with successes in the fields of information technology, telecommunications, finance and business. Apetonic partners have in the past formed such companies as: netsprint.pl, esentia.pl, windtelecom.pl, windmobile.pl, eurokom.pl, plagiat.pl and had considerable contribution to operation of such ventures as www.merlin.pl, www.kdc.pl, www.granie.era.pl and many other. Since 2006 Apetonic has invested in the following projects: codido.com, sejmisja.pl, sejmofon.pl, sejmostat.pl, astatis.com.