Making good on plans announced last year, MCI Management has now completed its exit from S4E through the sale of its remaining shares in the company in April. MCI sold the 40.09% stake to Ingalil Holdings Limited and current Supervisory Board president Roman Pudełko, at a price of PLN 6.25 per share. MCI originally entered S4E through an acquisition of nearly 91% in 2001. During the life of the unusually long investment period, the average annual rate of return was about 17%. MCI executed a partial exit in 2007 through an IPO which brought a 35% return.
S4E SA
S4E SA is a Warsaw-based distributor of disk matrices and mass storage devices for computers. The company also provides services in the areas of collection, archiving, and storing of digital data. S4E was established in 2000 and is one of only a few Polish businesses to operate exclusively through Polish funding. The company was listed on The NewConnect market of the Warsaw Stock Exchange in August 2007.
MCI Management S.A.
MCI Management SA is a Polish private equity and venture capital firm active in CEE, with special attention given to Poland, Czech Republic, Romania, Slovakia, and Ukraine.
MCI invests in incubation, start-up, and early venture opportunities as well as expansion opportunities, buy-outs, and mezzanine investments in established companies. MCI usually invests between €250,000 and €5 million with a horizon of three to seven years.
Sectors of interest for MCI include biotechnology and health care, life science, communications, e-commerce, and real estate. In addition to its Warsaw headquarters, MCI also maintains offices in Bucharest, Prague, and London.
June 19, 2010
Central & Eastern Europe, Exit, Poland