Tag Archive for: exit

Innonic’s Shoprenter successfully sold its majority stake to the Polish e-commerce giant IAI

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Our Client Shoprenter, a member of the Innonic Group, a major SaaS-based e-commerce platform provider in Hungary agreed to sell majority stake to an international strategic investor to further exploit its growth potential in the CEE region and Europe.

In July 2021, Shoprenter closed a successful M&A transaction with the market leader Polish e-commerce SaaS provider company IAI (IdoSell), which acquired a majority stake (51%) in the Hungarian company.

IAI – backed by the leading digital PE fund in Poland and Central Europe MCI Capital – reported GMV (gross merchandise value) of EUR 2.6bn EUR in the fiscal year ending April 2021, and it provides e-commerce systems for 6000+ online stores and 1500+ online accommodation booking facilities.

The acquisition of its peer Shoprenter is one of the very first important milestones in IAI’s European and international expansion and becoming a global player.

Shoprenter was advised by Absolvo Consulting in the transaction process with IAI.

Private Equity investments, buyouts and the taxation issues of transactions

Equity Business Breakfast – Private Equity investments and the taxation issues of transactions

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EVENT – This time we put private equity, its specialities and function in focus. Our international PE investor guest Genesis Capital will give an overview what investment opportunities they are looking for, then we give an insight into the specific details of a recently closed PE transaction in which majority of stakes of 11 Entertainment Group was sold. Both investor’s and owner’s perspectives will be discovered and understood during the discussions. Taxation issues will be raised and answered by OrienTax.

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Ceres Pharma acquires Ceumed

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CEUMED, a major supplier of baby- and healthcare OTC products in CEE successfully closed M&A transaction with the Belgium-based Ceres Pharma which acquisition opens the door to Ceres Pharma in the CEE region. Vendor’s co-founders Marc Coucke and Mario Debel played key roles in building, expansion and exit of 3.6 bn EUR of the global pharmaceutical giant Omega Pharma. CEUMED was advised by Absolvo’s M&A team in the transaction process.

More information in vendor’s official announcement: Ceres Pharma completes first foreign acquisition