iEurope Capital sold Vatera.hu to MIH Internet Europe, a subsidiary of Naspers Limited.
Vatera.hu Kft. (www.vatera.hu)
Vatera.hu was established in the year 2000 and as a full-service auction platform operator the Company offers sales solutions for Internet trading by private individuals and companies, closed auctions for dealers, as well as IT and vehicle park liquidations for enterprises. In addition, vatera.hu offers services and infrastructure solutions (e.g. Internet shops) for retailers.
Voted Hungary’s e-Commerce Company of the Year in both 2006 and 2007, Vatera.hu was also recognized by Red Herring magazine as one of the top 100 technology companies in the EMEA region in 2007 and 2008.
MIH Internet Europe B.V. / MIH Group
MIH Group is a multinational media company active in the electronic media segment, including pay-TV, internet, instant messaging and the distribution of the associated technologies. The MIH Group is part of the South African Naspers Group (JSE: NPN).
The European internet branch of the MIH Group, MIH Internet Europe, includes leading internet brands and online auction platforms such as allegro.pl (market leader in Poland) and ricardo.ch (market leader in Switzerland), Aukro (Bulgaria, Czech Republic) and QXL (Denmark, Norway), as well as leading online portals Gadu-Gadu (Poland) and mail.ru (Russia).
iEurope Capital LLC (www.ieurope.com)
The US-based private equity fund made its first investment in 2002, and is managed by iEurope Capital, the fund management company, with offices in Budapest and New York. iEurope invests in hight-growth-potential companies located in Central and Eastern Europe in target industries including technology, IT, media, consumer products, wellness, energy, and environmental companies.
10/10/2008
Central & Eastern Europe, Exit, Hungary, Internet, E-Commerce & E-Services, Private Equity News