MCI Newsletter

Time flies… and it’s not only the passing summer that treated us so kindly this year in Poland, but also MCI itself. It will soon be 20 years that we have been following a digital investment path. Lots has changed since, and so has our company. We are increasingly shifting attention towards buyout/private equity, yet we want to remain flexible and agile, thanks to our growth backbone. Record exits reported this year and very solid portfolio performance are confirmation of the team's skills in digital private equity.

USD 2.2 B

iZettle sold to PayPal

EUR 500 M

plans for new commitment buyout fund

EUR 140 M

exit values in 2018 so far

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For some time, we have been considering creating a closed-end Fund that will allow us to use our buyout experience gained from MCI.EuroVentures. The strategy of the New Fund will be similar – we will focus on digital transformation in CEE. Obtaining a first-class advisor (placement agent), which confirms our expertise in the region with their engagement and supports us with the fundraising process, was crucial for this project.

RECORD EXITS & DIVIDENDS:

From the start of 2018, the MCI funds announced three large exits from the investments: Dotpay / eCard, iZettle and lifebrain, thanks to which they will obtain a total of PLN 577.6 M. In addition, there were two exits from the VC portfolio companies: zdrowegeny.pl and Genomed.

There was also a record level of dividends paid out by portfolio companies at this time. The Funds raised PLN 76.8 M from the dividends paid (including ATM - PLN 51.8 M, ABC Data - PLN 17.5 M, and Index - PLN 7.5 M).

Read more →

NEW BUYOUT FUND WITH EUR 500 M ON THE WAY

We are actively working on establishing a New Buyout/Private Equity Fund, cooperating with global advisory firms in fundraising matters. The New Fund will consist of large institutional investors, who mainly have their headquarters outside of Poland. The strategy of the New Fund will be based on investments in the CEE. The New Fund will aim at investing in mature companies, at buyout/private equity stage. The preferred target companies are those operating in innovative fields of the economy or those ready to undergo a digital transformation. Read more →



	FIRST FINTECH UNICORN SOLD BY POLISH INVESTMENT FUND

The value of the transaction places the acquisition of iZettle by PayPal among the 10 largest exits of technology companies co-financed by VC/PE funds. The valuation of the company stands at USD 2.2 B. Our fund has invested in the company since 2015, alongside global VC/PE funds as Index Ventures, Intel Capital, 83 North, Northzone or Creandum.

Video interview with Maciej Bogaczyk

Coverage in Business Insider



		ECONOMIC FORUM IN KRYNICA, POLAND
		Tomasz Czechowicz is a regular participant in the biggest Polish Economic Forum, in Krynica. Click below for a summary of MCI’s presence: Read more →

FINTECH MEETS
BARCLAYS

The Fintech company from our MCI.TechVentures portfolio has partnered with Barclays. The bank takes a minority stake in the company, but will also introduce Marketinvoice products to its platforms and clients. Read more →

		MILESTONE FOR FRISCO
		Food remains one of the least disrupted sectors of our economy. However, thanks to its scale, technology companies are ever so present. Frisco is a Polish leader for e-grocery – to allow further growth, a new logistics center is under construction. Read more →

ABC DATA PARTNERS
WITH ALIBABA CLOUD

The Leader in IT distribution established a "strategic cooperation" with the Alibaba Group - a Chinese technology giant founded by Jack Ma. More specifically, with Alibaba Cloud, which is part of a company dealing with cloud solutions. ABC Data will be delivering cloud products and services to the Central and Eastern Europe markets. Read more →

ANSWEAR GAINS STRONGER POSITION IN MOBILE

Nobody needs convincing of the role of mobile in today’s digital economy. Yet the reach of mobile channel in e-fashion, is especially significant. Answear.com is a leader of e-fashion, and operates in six countries across CEE. For more info
on the development of the market
and our portfolio company, please follow the link: Read more →

MCI Capital S.A. office@mci.eu

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	Disclaimer: Assets under management refer to assets of close-end investment funds created and administrated by MCI Capital TFI (the Funds). Investments portfolios of the Funds are managed by Private Equity Managers Sp. z o.o. - being a part of Private Equity Manages S.A. Capital Group. MCI Capital is a main investor in the Funds.

	This presentation has been prepared with due diligence. However, it may contain certain inaccuracies or omissions. This presentation cannot be regarded as a comprehensive financial analysis of the PEM S.A. Capital Group, MCI Capital S.A. or MCI Capital TFI nor does it provide a complete view of its financial position and future prospects. Any person who intends to make an investment decision should first consider the information disclosed in the official financial statements and current reports prepared and published in accordance with applicable laws. This presentation has been prepared for information purposes only and does not constitute an offer to buy or sell any financial instrument.

	This presentation may contain projections, but these cannot be treated as a reliable indicator of future performance mentioned before capital groups. Statements regarding future and historical financial results do not guarantee that such results will be achieved in the future. Expectations are based on current knowledge and depend on a number of factors and variables that may cause significant differences between the results presented in this document and those actually achieved.

	The capital groups, the management board members and directors will not be responsible for any consequences that may arise from the use of this presentation. None of the information contained in this presentation represents a commitment or representation on the part of capital groups., its management board members or directors. There is no obligation to publish corrections or update the forward-looking statements contained in this presentation to reflect changes occurring after the date of this presentation.

	The presented information on the Funds is not and cannot be treated as an offer to purchase investment certificates, nor to propose to subscribe for investment certificates, nor do they constitute an offer within the meaning of art. 66 of the Civil Code. The issuance of investment certificates of the Funds will take place only through the proposals to subscribe for investment certificates addressed to less than 150 personally indicated persons. The conditions for the issue of investment certificates and the Funds' articles of association are the sole source of information about the offer of investment certificates, the Funds, its investment policy and risk factors related to investing in investment certificates. The content of these documents will be made available to persons to whom the proposal to acquire investment certificates will be addressed. This material is for promotional purposes only and does not constitute an offer or recommendation to conclude a transaction to buy or sell any financial instrument. The information provided cannot be treated as an investment advisory or other advisory service, including the provision of legal assistance.