Syntaxis provides mezz loan to eSky

A small part of the commitment was used to buy out one of the company's minority investors. The remaining capital has been earmarked to support geographical expansion and bolt-on acquisitions in Europe and Latin America.

The majority of Syntaxis' investment came in the form of warranted mezzanine, with a direct equity co-invest portion.

The company, which is owned by its founders, had not raised financing from a financial investor prior to the deal.

Company
Founded in 2004 in Poland, eSky provides travel services and airline tickets. The firm's platform connects with more than 700 airlines globally; users are able to book hotels and railway tickets and to purchase insurance.

The company expanded regionally in 2008 into Bulgaria and Romania and is also present in Brazil.

People
Pawel Lakomy is director at Syntaxis and led the investment.

Advisers
Equity – Dentons (Legal); Deloitte (Financial due diligence, tax).

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• Topics
• CEE
• Technology
• Expansion
• Poland
• Syntaxis Capital