The CEO of Polish private equity firm MCI Management has announced preparations for IPOs of two of its portfolio companies. MCI expects IT company ABC Data to be listed on the Warsaw market by the middle of 2010, while travel services website Invia.cz will be converted to a joint-stock company in the near future. It’s [...]

Invia.cz, the travel portal financed primarily by MCI.TechVentures, has completed a deal to purchase 100% ownership of one of its competitors, NetTravel.cz. Invia.cz also acquired LastMinute.sk in the purchase, and now hopes the consolidation of the three portals will aid in raising capital as the company prepares to enter the Warsaw Stock Exchange. The merger [...]

Polish private equity fund MCI Management acquired 50.11% shares of Invia.cz, the largest Czech online travel retailer. Invia.cz (www.invia.cz) Invia was set up in 2000 and is the leading online travel retailer in the Czech Republic and Slovakia. Additionally, Invia is active also in Hungary and Romania. Invia sold travel services for more than € [...]