Mci sells invia etravel
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MCI invested in Invia Group, a travel company operating in Central and Eastern Europe, in 2001. Over time, Invia expanded through acquisitions into additional markets like Hungary, Czech Republic, and Slovakia. By 2015, Invia had become the #1 player in the e-travel market in Central and Eastern Europe, with a 60% market share in Czech Republic and Slovakia. In 2016, MCI fully exited its investment in Invia, realizing a total return of EUR 69.3 million, representing an 11x return on its primary investment with an internal rate of return of 46%.
Mci sells invia etravel
- 1. MCI RECORD EXIT INVIA group CASE STUDY MCI.Techventures, fund managed by Private Equity Managers, sold its shares in INVIA. 2008 MCI investment in Invia Group 2001 Travelplanet founded in Poland MCI investment 2002 Invia founded in Czech Republic 2008 MCI INVESTS IN INVIA 2008 INVIAS EXPANSION INTO HUNGARIAN MARKET 2009 M&As: NETTRAVEL (CZ) AND LASTMINUTE (SK) 2011 Invia acquires Travelplanet 2016 MCI exits 100% Invia market position #1 player in e-travel in CEE 60% of market share in Czech Republic & Slovakia GBV OVER EUR 250M IN 2015 GBV Gross Booking Value MCI.Techventures Fund investment strategy: 1 1 1 1 pln 326m (eur 76 m) invia's valuation at exit 11x return on primary investment irr 46% Invia Group is a leader of e-travel market in the CEE region (Poland, Czech, Slovakia and Hungary), offering travel packages, airtickets and hotels and cooperating with over 350 tour operators. 2 pln +57m EUR 13,3M Partial EXITS pln +241m EUR 56M full exit pln +298m EUR 69,3M MCIs total revenue from exit pln -35m eur 8,1m secondary investment pln -16m EUR 3,7M primary investment Marketplaces fintech bigdata etravel investment ticket eur 10-25m 2016 MCI, established in 1999, is one of the most dynamic private equity groups in Emerging Europe. MCI invests at early stage, growth stage and expansion/buyout stage technology companies in Poland/CEE region, Western Europe, Baltic countries, Russia and Turkey