Polmed is owned through two special purposes vehicles that represent the interests of the founders: Romuald Magdon (50%) and Radoslaw Szubert (50%).

IFC’s investment will form part of a €176million fund raise, by Polmed, which will be funded by a combination of equity and debt.

 The Company will make investments across Poland.

 IFC has developed a comprehensive corporate governance plan to help the Company strengthen its management and governance structures in support of current and future growth initiatives.

This is a Category B project based on IFC’s 2012 Policy on Environmental and Social Sustainability, as the project involves activities with potential limited adverse environmental or social risks and/or impacts that are a few in number, generally site-specific, largely reversible, and readily addressed through mitigation measures.

Key E&S issues and risks associated with this investment include i. Company’s capacity to establish and maintain corporate and subsidiary level environment and social management systems (ESMS), both for operational and expansion projects (including construction works) in compliance with IFC PS requirements; ii. adequacy of E&S due diligence and risk mitigation and management procedures for the corporate Mergers and Acquisitions (M&A) program and future/planned developments; iii. contractor E&S management; iv. labor and working conditions; v. gender-based violence and harassment (GBVH) and child protection; vi. EPRP, including L&FS management in accordance with local and international fire safety codes; vii. efficiency of water and energy consumption in its operations; viii. management and disposal of solid, and bio-medical/hazardous waste; and ix. stakeholder engagement and external grievance management.