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Polish investment firm MCI Management announced that they’ve obtained 20% of Turkish IT distributor Indeks Bilgisayar Company. According to information provided by MCI, Indeks Bilgisayar was founded in 2001 and now holds 27% market-share in Turkey and has annual revenue of greater than $850 million (657 million euro). In completing the deal, MCI acquires 11,2 million shares from the Turkish firm. We’re told that payment for the shares will be made in tranches and that the first will be made at a significant discount against market price.
Tomasz Czechowicz, managing partner at MCI, explained that this deal is part of a regional expansion effort and represents a move to invest in countries with above-average returns. Looking at their portfolio, MCI already backs German companies like 21Diamonds and Windeln, Czech firms such as Invia and Geewa, Russian KupiVIP, and a host of Polish companies. Thus, they’ve already invested in firms from neighboring countries, but have now decided to branch out with this Turkish deal.
MCI is one of the sponsors of this site, so we’re always glad to hear when they have new, positive news. We’ve done posts in the past when they announced their 2012 financial results, when they announced their investment in Windeln.de (an online retailer specializing in baby-oriented products), and when they backed the investment by Czech OTA Invia in Russian counterpart Travelata. For the full story on this investment firm, though, it would be worth reading the mega-post that Natasha wrote back in mid-March.
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