Intymna (Poland) - Oct 2007

MCI Management has invested PLN 700,000 (c€200,000) in Polish retailer Intymna, acquiring 33% stake in the company. The investors have the option to increase their stake to 64% by investing a further PLN 2m (c€550,000). Two of the company’s founders hold the remaining shares. The deal was sourced through MCI’s proprietary network.

Company

Founded in 2002 in Koszalin, Intymna is an online lingerie retailer. The company realised a turnover of PLN 2m (c€550,000) with 15 staff in 2006. The investors aim to reach a turnover of €5m within the next four years, expanding the company’s business to luxury sports clothing and sports equipment. The lingerie market in Poland reaches €1bn, and there is great untapped potential in the online retail segment, said the investors.

People

Andrzej Jasieniecki, investment director at MCI Management, sourced the deal and worked on the transaction on behalf of MCI Management.

Sourced from: Deutsche unquote" 93 (Nov 2007)

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• Topics
• CEE
• Expansion
• Consumer
• Poland