Piotr Lagowski

LinkedIn profile


Role at PLCF – Founder and Managing Director

Piotr Łagowski - właściciel i dyrektor zarządzający w PLCF Corporate Finance

Piotr Łagowski is a graduate of the University of Warsaw (UW) Management School, with over 25 years of business experience. His main strengths include versatile expertise, common sense and excellent client relations.

At the beginning of his professional career, he worked for consulting firms and companies managing investment funds created by international financial institutions (Bank ING, Bank Creditanstalt). Over the next few years, he served on the management boards of such leading Polish industrial groups, as: ZPW Prospan and ZPW Grajewo (currently: Pfleiderer Grajewo SA), the Boryszew Group, and Impexmetal SA – a member of that group. He worked on a number of restructuring and integration projects for those companies, thus gaining broad experience in the day-to-day operational management of multi-company industrial groups. Afterwards, he continued his career by working with a leading Polish financial consultancy company, Pekao Access, where he managed a number of Merger & Acquisition and financial restructuring projects and sought funding for Polish and foreign investors pursuing projects in Poland, Russia, Ukraine, the Czech Republic and the Baltic states.

Since 2009, he has been running his own business – PLCF, a provider of professional corporate finance services. He also serves on the Supervisory Boards and Audit Committees of large Polish listed and private companies.

His full earlier career is presented below.


since 2009      PLCF – Founder and Managing Director.

2001-2009      Manager at Pekao Access

  • managing a number of M&A, privatisation, restructuring and strategy consulting projects for Poland’s leading companies (including: Zakłady Chemiczne POLICE, Zakłady Azotowe in Tarnów, Impexmetal S.A., PKP Cargo S.A., CTL S.A., HFP S.A.), mostly from the chemical, food, timber and distribution industries;
  • working with a leading European timber company on a project for capital investments in Russian, Ukrainian and Baltic markets;
  • working with an American e-business consultancy company on B2B projects in the area of logistics, customer service and sales.

2005-2006     Development Manager, Management Board Member at Boryszew S.A. and Impexmetal S.A.

  • responsible for defining and implementing the development strategy of the Boryszew and Impexmetal Groups, tied through capital, representing one of the largest Polish industrial groups (both companies listed on the Warsaw Stock Exchange).

1999-2001     Logistics Manager, Management Board Member at Zakłady Płyt Wiórowych in Grajewo (a public company) and Zakłady Płyt Wiórowych PROSPAN S.A. in Wieruszów, companies acquired by the German Pfleiderer AG

  • implementing modern logistic solutions at companies with consolidated sales of approx. PLN 700 million based on the standards applied by Pfleiderer;
  • creating and managing the Customer Service Department and the Production Planning Department;
  • managing the warehouse stock, manufacturing capacity and forwarding, and working with the key suppliers;
  • negotiating order processing improvements with key recipients (just-in-time deliveries, buffer stock);
  • implementing IT systems to support logistic process management and commencing the implementation of e-commerce;
  • participating in Management Board operations, thorough restructuring of both companies (downsizing, production consolidation, integration with the Pfleiderer group).

1995-1999    Fund Manager and subsequently Investment Manager at Creditanstalt – SCG Fund Management, the company managing Narodowy Fundusz Inwestycyjny (National Investment Fund) HETMAN

  • introducing a financial control system across the leading 35 companies of the Fund;
  • defining the value of the leading companies, assessing proposals regarding the Fund’s capital investments;
  • managing the Fund’s main investment project, with the creation of a Polish group of companies in the particle board sector having a 35% market share;
  • management of the ZPW Prospan acquisition project (transaction value – PLN 120 million);
  • serving on supervisory boards of ZPW Prospan and ZPW in Grajewo;
  • defining and implementing the development strategy of both companies (benchmarking, analysis of the markets of Central and Eastern Europe, investment programme and capital investments);
  • manager of the cost reduction project, through the integration and merger of both companies, implemented together with the Boston Consulting Group;
  • participating in negotiations regarding the sale of major blocks of shares of both companies to a strategic investor.

1994-1995     Fund Manager at Hanseatic Investment Services – a company created by a consortium of ING Bank, Beta Fund, Access and Warta for the purpose of managing one of the National Investment Funds (NFI)

  • developing a business valuation system for the companies participating in the General Privatisation Scheme, preparing comprehensive analyses of all (about 450) companies;
  • visiting almost 150 companies to assess their appeal as investment targets.

1993-1994   Independent consultant working with Polish consultancy companies on company restructuring projects

  • preparing market analyses and marketing strategies for companies from the wool and decorative textiles industries;
  • preparing remedial programmes and projections of financial results within bank settlement proceedings;
  • preparing prospectuses in connection with scheduled public offering of shares and their listing on the stock market;
  • analysing the shoe market for the Ministry of Industry (PHARE Programme);
  • analysing the market for products of salt removal from mining water for Nadwiślańska Spółka Węglowa (PHARE Programme);
  • regularly consulting for the restructured companies;
  • giving lectures on business valuation methods for Professional Training Centres.

1992-1993    Junior Consultant and subsequently a consultant for ING BH Consultants, a financial consultancy company that is a joint venture of the Polish Bank Handlowy and the Dutch ING Bank

  • financial consultancy for investors during acquisition of companies;
  • business valuation in the privatisation process for the Polish Ministry of Ownership Transformations;
  • analyses of contract profitability of a leading Polish shipyard for the lending banks.