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In 2006, a Polish-Swiss management team approached Gryphon to raise
capital to acquire full control of, and re-launch, a retail financial services
business in Poland. Gryphon assisted management to reorganise its business
plan and invested €2.6m ($3.5m) to acquire 50% of the equity and to
re-launch the business. It is now a rapidly expanding, profitable private
banking business in Poland. |
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