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Hungarian Venture Capital and Private Equity Association

The Hungarian Venture Capital and Private Equity Association (HVCA) represents the interests of the private equity and venture capital industry in Hungary by supporting its members and promoting adherence to the highest possible professional and ethical standards.

News

12/2018 11

Enterprise Investors sells intive to Mid Europa Partners

Tue, December 11, 2018

Enterprise Investors sells intive to Mid Europa Partners

Warsaw, 11 December 2018 Enterprise Venture Fund I (EVF) and Polish Enterprise Fund VII (PEF VII), two funds managed by Enterprise Investors (EI), announced today that they have signed an agreement to sell intive, a global digital product development company, to Mid Europa Partners, a leading buyout investor in Central and Eastern Europe.

Mid Europa Partners will pay EUR 100 million for 100% of the shares;

The transaction is conditional upon obtaining antimonopoly approval.

intive’s story begins in 2015 with a merger of BLStream and SMT Software Services, two companies owned by EI-managed funds. In 2012 EVF made an initial investment in BLStream’s
expansion and in 2015 PEF VII acquired SMT Software Services. Between 2012 and 2015 the funds jointly invested EUR 34 million in the two companies. The creation of intive was followed by further add-on acquisitions. In 2017, the company invested in Argentinian FDV Solutions and German iNTENCE.

Today intive is a digital transformation partner for leading companies worldwide. Among its clients are Audi, Vorwerk, BlackBerry, Esprit, ING and Viacom. Operating through 15 offices and
7 design studios, and with more than 1,500 highly qualified specialists on board, intive co-creates software solutions that accelerate its customers’ digital transformation. The company adds value throughout the life cycle of each application, from design to maintenance. In 2018, intive is expected to deliver revenues of over EUR 80 million.

Mid Europa Partners is a leading buyout investor focused on the growth markets of Central and Eastern Europe. Operating from London, Budapest, Warsaw and Istanbul, the firm has raised and managed funds totaling over EUR 4.6 billion.

Enterprise Investors is one of the largest private equity firms in Central and Eastern Europe. Active since 1990, the firm has raised nine funds with total capital exceeding EUR 2.5 billion.
These funds have invested EUR 1.9 billion in 143 companies across a range of sectors and exited 129 companies with total gross proceeds of EUR 3.7 billion.

12/2018 10

Cerberus buys 70% stake in military vehicle maker Navistar Defense

Mon, December 10, 2018

AltAssets

December 4, 2018 

Cerberus Capital Management has agreed to buy a 70 per cent stake in military vehicle maker Navistar Defense from its listed parent company Navistar International.

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12/2018 10

KKR buys into luxury Asian lifestyle brand business V3 at S$1.7bn valuation

Mon, December 10, 2018

AltAssets

December 4, 2018 

Global private equity giant KKR has agreed to invest up to S$500m ($367m) for a stake in Asian luxury lifestyle…

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12/2018 10

IPO on the cards for Blackstone’s Alight Solutions, could value it at $7bn

Mon, December 10, 2018

AltAssets

December 6, 2018 

Private equity major Blackstone is reportedly preparing an initial public offering for its healthcare and retirement…

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