AMC backs Invia; offers MCI partial exit

The deal sees incumbent backer MCI Management, a listed Polish investor, partially realise its investment in the target.

Mezzanine Management provided mezzanine through its latest vehicle, Accession Mezzanine Capital III. The capital will be used for Invia's expansion throughout Europe, particularly Russia. As a result of the partial sale, as well as dividends paid by the target, MCI generates PLN 28m of proceeds.

Previous funding
MCI backed Invia in 2008 through its MCI Tech Ventures Fund and has invested a total of PLN 39.1m. Since the initial investment, Invia has grown from a local business to an international player in the travel market, posting an EBITDA of €3m in 2012. This latest deal follows Invia's bolt-on of Russian travel site Travelata.ru earlier this summer. MCI funded the $5m deal.

Company
Founded in 2002, Invia.cz now offers travel packages, hotel bookings and flights via its website. The firm offers customers more than 8,000 travel packages through its cooperation with around 300 tour operators. In June 2009, the company acquired NetTravel.cz, making it a market leader with 60% of the e-travel market in Czech Republic and Slovakia. In 2011, the company acquired Travelplanet, a Polish e-travel business. In November, Invia took a stake in Travelata.ru prior to wholly acquiring it in summer 2013. Today Invia.cz has a presence in Czech Republic, Poland, Slovakia, Hungary and Russia.

People
Sylwester Janik sits on the board of MCI. Przemyslaw Glebocki is managing director of Mezzanine Management. Michal Drozd is CEO of Invia.cz.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• Consumer
• MCI Management
• Mezzanine