Sell-side M&A

Shoprenter

Shoprenter – a leading SaaS-based e-commerce platform provider with over 5000 webshops – has sold a majority stake to IAI (IdoSell), the market-leading Polish e-commerce SaaS provider. The transaction was supported by MCI Capital, the leading tech-focused PE in CEE, managing approximately $550 million in assets under management.

Deal summary

Our client, Shoprenter – a member of the Innonic Group and a leading SaaS-based e-commerce platform provider in Hungary – has sold a majority stake to IAI (IdoSell), the market-leading Polish e-commerce SaaS provider. IAI’s customers generate a gross merchandise value exceeding €3.5 billion annually. The transaction was supported by MCI Capital, the leading technology focused private equity fund in Central and Eastern Europe, managing approximately $550 million in assets under management.

Deal rationale

Shoprenter sold a 51% majority stake to the MCI backed IdoSell in order to leverage strategic synergies and strengthen their position in the regional e-commerce market.

Absolvo's contribution

Our M&A team provided comprehensive advisory services to the shareholders, including support in reviewing and evaluating the indicative offer, assisting with negotiations on investment terms, purchase price, negotiating the SPA (Sale and Purchase Agreement) and the SHA (Shareholders' Agreement), coordinating the signing and closing, and other deal related tasks.

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The Absolvo team is proud to have supported the shareholders and the group in 3 further transactions.

The deal team

Lenard Horgos
Founding Partner
Tamas Horgos
Partner

Further deals...

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PingPong UX

HotJar

The UK-based PingPong UX has been acquired by ContentSquare, a global leader in digital experience analytics, and integrated into Hotjar's portfolio under the name "Hotjar Engage".

Sell-side M&A

SnapSoft

NearSummit Capital

SnapSoft – a cloud-based AWS Advanced Tier Partner company, ranked on Deloitte's "CE Fast 50" list of the fastest-growing technology companies – entered a joint venture agreement with the Seattle-based NearSummit Capital.

Joint venture

Continest Technologies

Continest Technologies, a market leader in manufacturing and distributing foldable mobile containers in approx. 30 countries worldwide, secured a seed round investment in 2019, followed by a growth equity transaction, summed up to 10 million EUR.

Growth Capital

HelloPay

OTP Mobile

HelloPay - a FinTech company serving over 5 million end users, specializes in cashless payment technologies and innovative point-of-sale systems - has been acquired by OTP Group, a publicly listed regional banking leader operating in more than 10 countries across Europe.

Sell-side M&A

Logiscool

Euroventures

Logiscool - a global coding education platform helping over 260,000 students in 360+ locations across 30 countries - secured €3.5 million funding from CEE investor Euroventures, which has invested over €200 million in 50+ companies.

Growth Capital

CEUMED

Ceres Pharma

CEUMED – a pharmaceutical and cosmetics group with operations in 6 CEE and SEE countries – has been acquired by Belgium-based Ceres Pharma - founded by the former owners of Omega Pharma, generating €130 million in revenue in 7 countries and completed 12 acquisitions between 2018 and 2023.

Sell-side M&A

biztributor

biztributor, a leading IT-security, networking, and IT management distributor, has acquired AccessPoint Kft., a major distributor in IT networking and telecom.

Buy-side M&A

11 Entertainment Group

Genesis Capital

11 Entertainment Group sold a majority stake to Genesis Capital to fuel the company's growth and advance its mission of becoming the leading family entertainment provider in the CEE region.

Sell-side M&A

Facekom (Techteamer)

Facekom – an innovative market leader specializing in digital customer identification, e-signature solutions, and virtual call center services – has sold a majority stake to a regionally acclaimed private equity firm, supporting its expansion in Central Eastern Europe.

Sell-side M&A

Parkl

Lead Ventures

Parkl - a digital mobility solution provider offers fully automated parking and e-mobility services to 400+ business partners, operating over 700 EV charging points - produced an impressive growth between 2018-22 (CAGR 152%) and closed a PE deal with Lead Ventures.

Growth Capital