iEurope Capital has sold Hungarian e-commerce business Vatera.hu to MIH Internet, generating an approximate 13.5x cash-on-cash return on its investment and a 59% gross IRR.
This is the second deal inked by the GP via Wisequity V, which closed on its €260m hard-cap in July 2019
Pascal Meysson joins from Alcentra and has previous experience at Deutsche Bank and Charterhouse
Mirabaud is reportedly planning to invest via its Living Heritage private equity fund
HIG invested from its Growth Buyout Equity Fund III to acquire Vernacare from Palatine