18 04 2016

MCI sells 100% shares in Invia/Travelplanet to Rockaway Capital

Polish tech venture fund MCI Management agreed to sell 100% shares of Eastern Europe's largest travel portal Invia to its Czech rival Rockaway Capital for 325 million zlotys.


In the transaction, valuing Invia at €76 million, MCI sold its shares in the company for €56 million. It marks a record deal with the highest return on a single investment in the fund’s history. MCI.TechVentures Fund is focused on growth technology investments in consumer Internet/marketplaces, fintech, mobile and media companies in Western Europe, CEE, Turkey and Russia. It is the largest growth technology fund in Polish market. Squire Patton Boggs has advised private equity firm MCI on the transaction with a team led by Warsaw Corporate partner Michal Karwacki (picture), alongside partners Radek Janecek, Jane Haxby, Marcin Wnukowski, Tatiana Prokopova and Akos Eros, together with of counsel Pawel Magierowski and associates Ivan Chalupa and Nicole Jancova, Ewelina Witek, Agnes Budai and Jonathan Ross. Involved fees earner: Michal Karwacki - Squire Patton Boggs; Radek Janeček - Squire Patton Boggs; Jane Haxby - Squire Patton Boggs; Marcin Wnukowski - Squire Patton Boggs; Tatiana Prokopová - Squire Patton Boggs; Akos Eros - Squire Patton Boggs; Pawel Magierowski - Squire Patton Boggs; Ivan Chalupa - Squire Patton Boggs; Nicole Jancova - Squire Patton Boggs; Agnes Budai - Squire Patton Boggs; Jonathan Ross - Squire Patton Boggs; Ewelina Witek - Squire Patton Boggs;

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