MCI Management Agrees to Sell Its 80 Percent Stake in Invia to Rockaway Capital (CEE and CIS)

Source: Polish News Bulletin

Central and Eastern Europe-focused private equity group MCI Management has agreed to sell its 80 percent stake in Czech Republic-based online travel agency Invia to global venture capital firm Rockaway Capital for PLN270 million (approximately US$68 million). Including MCI’s stake, Rockaway Capital will acquire Invia for a reported total transaction value of PLN325 million (approximately US$82 million). MCI originally invested in the company in 2008. The transaction is expected to close by the end of the first quarter of 2016.