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MCI
 
PRIVATE EQUITY MANAGERS S.A.
  Share some of your precious time with us to catch up with the latest developments of our Funds and major events within our portfolio companies in 2016.  
 
   
 
FINTECH
 
 
   
Everybody’s talking about FINTECH.
We believe we’re doing it right!

First, a glance at what’s new in Poland.
We are integrating services of two of our portfolio companies within MCl.EuroVentures Fund – Dotpay and eCard. This integration will result in a universal platform offering a wide range of payment services for the e-commerce sector. These will include, among others, card transactions, electronic transfers and mobile payments. The new company also plans to add a number of products and services to its offer, such as crediting purchases, Big Data tools to analyze consumer behavior, as well as cutting-edge payment and logistics solutions.
 
 
 
   
 
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Read the story in Puls Biznesu (Polish):
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There’s also a new fintech company in MCI.TechVentures – London-based Marketlnvoice. It’s the Europe’s largest peer-to-peer online invoice finance platform. The newest round of £7.2M was led by our Fund, with existing investor Northzone also increasing its investment in the company.
 
   
 
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Finally, an important event at Azimo, created to fix the broken and expensive money transfer industry and make things better for millions of economic migrants. Established in 2012, our MCl.TechVentures Fund got involved in 2015. Now Asian giant Rakuten joins the group of investors, with a plan to boost the expansion in Asia.
 
   
 
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OTHER NEW INVESTMENTS
 
 
   
But some say, there is more to PE/ VC life than just fintech. 

In March MCl.EuroVentures Fund became the biggest shareholder of publicly listed ATM S.A. – Polish leader of data centers. We own over 30% of this Warsaw Stock Exchange listed company. Since that event, our representatives have become members of the supervisory board; significant changes took place in the Management Board as well. As a representative of digital economy operating in a fast growing sector, ATM fits our strategy perfectly.
 
 
 
   
 
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Read the story in Puls Biznesu (Polish):
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Our VC Fund – Internet Ventures – has added two new elements to its portfolio. We got involved and work together with the team of RemoteMyApp, a company that uses ground-breaking technology to stream multimedia content (games, video, applications, music) from PCs to smartphones..
 
   
 
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Also, at the beginning of the year, we’ve invested in Prowly, SaaS platform, designed for PR professionals to streamline their communications efforts.
 
   
 
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MAJOR EVENTS WITHIN PORTFOLIO COMPANIES
 
 
   
With over 40 companies in our current investment portfolio, it was really hard to pick the few events to share with you. Yet, we did it and here are the results: Volkswagen made a strategic investment of USD 300 million in Gett (formerly GetTaxi), a global ride-hailing provider has been an MCI.TechVentures company since 2015.  
 
 
   
 
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E-commerce companies Frisco (e-grocery) and Answear (e-fashion) from MCI. TechVentures portfolio are doing pretty well. In 2016 Frisco increased its annual sales by almost 100%. At the same time Answear was continuing its successful European expansion by launching sales in Hungary and increasing the number of countries where it operates to 6.

 
   
 
Read the story of Frisco on Onet (Polish):
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At the end of November, even more good news came from Gett. The company secured $100M loan from Sberbank in Russia, at one of its core markets.
 
   
 
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Worth mentioning is the fact that we have reached over 15% of shares in Windeln, a leading European store with baby-care products. The company is listed on stock exchange in Frankfurt; the Fund is now recognized as the biggest shareholder.
 
   
 
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EXITS & DIVIDENDS
 
 
   
A flash back on our milestone exit, by MCI.TechVentures, from INVIA. After 8 years of development, we have created a regional CEE leader in e-travel, being #1 on markets in Poland, Czech Republic, Slovakia and #2 in Hungary.  
 
 
   
 
Summary in our infographic:
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Read the story on unquote.com
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In December, yet another significant exit took place. Together with Innova fund, we sold the shares in Wirtualna Polska (WP.pl). In this round, MCI claimed more than PLN 100 million. Including the partial exit in May 2015, the fund will receive a total of over PLN 160 million, having invested PLN 60 million. Average annual IRR for the transaction will thus amount to ca. 60%
 
   
 
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Apart from 2 significant exits, its worth to mention the dividends payments we are receiving from our portfolio companies. ABC Data (Poland) & Indeks (Turkey) paid a total of over PLN 40M. 

Together, in 2016 the funds affiliated with MCI Capital exited investments worth almost PLN 400M with over 30% asset turnover ratio.

 
 
 
       
 
 

MCI Capital / Private Equity Managers

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