Newest information on Trigon Dom Maklerski.
- 22 February 2021
RTB House, a global advertising technology firm takes up 100% shares in WhitePress, a content marketing platform, from its Founders, Dirlango, a technology-focused investment firm and Innova Capital, a CEE mid-market private equity firm. WhitePress’s management, including founders Paweł Strykowski and Tomasz Kwaśny, will continue in their existing roles. The financial terms of the transaction are not disclosed.
Founded in 2013 and headquartered in Bielsko-Biała, Poland, WhitePress is a leading content marketing platform that assists advertising agencies and corporate clients in creation and publication of content across the web, as well as in tracking of marketing campaign results. The company, which has continuously been focused on quality of content created and distributed, is a leader in content marketing automation that makes the publishing process easier, faster, and more cost-effective. WhitePress platform is highly scalable internationally and enables publications across multiple geographies with ongoing roll-out across the new markets. The wide ecosystem of products is used by thousands of clients and relays on inventory provided by over 21,000 publishers across 12 geographies. Furthermore, the company owns the GoodContent platform and is currently launching its latest service Content Premium internationally.
The overall support from RTB House will enable WhitePress to seek to accelerate its growth across new markets including in the Americas and Asia.
Paweł Strykowski, Founder and CEO of WhitePress, said: “We are excited to join RTB House. We have always been committed to providing our clients with a high quality service and the best experience. With RTB House’s support, we will significantly accelerate the international roll-out and sign up new publishers as well as attract new clients to our platform. We started the internationalization of our business just two years ago and we are thrilled to be able to accelerate our growth with the support of such an internationally successful AdTech firm.”
Robert Dyczkowski, Founder and CEO of RTB House said: “We are delighted to team up with Paweł Strykowski and his team to support the further development of WhitePress. In its relatively short history, WhitePress has emerged as a leading content marketing automation provider to regional clients, with a unique, scalable platform proposition designed to enable the accelerated roll-out across multiple geographies.”
Łukasz Wejchert, Founder of Dirlango said: “The decision to divest WhitePress was not easy. We are pleased to find a buyer with a global reach and an impressive product capable of accelerating WhitePress expansion.”
Michal Wojdyła, Managing Director of Innova Capital said: “It was a great experience to support WhitePress in the internationalization of its business. The company is highly profitable and cash flow positive despite multiple entries into new markets over the last 18 months, which proves the scalability of the WhitePress model.”
About RTB House
RTB House is a global company that provides state-of-the-art marketing technologies for top brands and agencies worldwide. Its proprietary ad buying engine is the first in the world to be powered entirely by Deep Learning algorithms, enabling advertisers to generate outstanding results and reach their goals at every stage of the funnel. Founded in 2012, the RTB House team comprises 750+ specialists in over 30 locations around the globe. It serves more than 2,000 campaigns for clients across the EMEA, APAC, and Americas regions.
After successfully deploying Deep Learning into 100 percent of its algorithms in 2018, RTB House has continued its research in the field of AI. The AI Marketing Lab and Creative Lab were set up as new divisions of the company focused on inventing and advancing MarTech products. As a result of their work, in 2020 the company introduced AI Full-Funnel Marketing Solutions and awareness Streaming Video Ads, lifting brand communication to the next level.
WhitePress helps advertising agencies and corporate clients publish content efficiently. Ranked #1 in Top 100 most visible marketing websites in Google in Poland, WhitePress automates publication utilizing a base of over 21,000 publishers and offering content creation support across multiple platforms. The company enables its customers to choose optimal publication strategies and streamline the process while reducing processing costs using its state-of-the-art platform. With a team of over 50 people, of which ca. 30 are based in Bielsko-Biała office and the remaining ca. 20 are spread across foreign markets, WhitePress serves thousands of customers in Europe and eyes further expansion in the Americas and Asia.
About Innova Capital
Innova Capital is an independent private equity advisor, operating from Poland and investing in majority buyouts in mid-sized enterprises with activities in Central and Eastern Europe. Since its inception in 1994, Innova Capital has invested close to EUR 1 billion in almost 60 companies located in 10 countries in the region. Innova was recognized by the Polish Private Equity and Venture Capital Association (PSIK) as PE Management Firm of the Year 2019.
Dirlango invests in growth Internet and technology businesses globally. Investments include international category leaders such as Glovo, Wish, Beyond Meat, Compass as well as CEE focused firms WayToGrow, Justtag and iTaxi. Dirlango was founded in 2012 by Łukasz Wejchert and Maciej Żak.
Advisors to RTB Houseon the transaction included: Clifford Chance, Deloitte, and CC Group.
Advisors to WhitePress and its Shareholderson the transaction included: Rymarz Zdort and Trigon.
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- 16 July 2020
We are delighted to announce that Trigon has been honored as the Best Investment Bank in Poland by Euromoney magazine, the preeminent global financial markets magazine, at its annual Awards for Excellence release on 15 July 2020. Euromoney’s Awards for Excellence are awarded by its editorial panels and are widely considered the most prestigious awards in the global investment banking industry. The recognition of Trigon as Best Investment Bank in Poland in 2017, 2018 and 2020 is the result of Your continued trust, cooperation and openness, which motivate us to strive for continuous improvement of our advisory services to Polish and international clients on their most challenging corporate transactions in Poland and Central and Eastern Europe. We are confident that in working together we will achieve many further successes in the future. In the meantime, we keep our fingers crossed for all our clients’ respective strategic efforts in the uncertain global environment. A warm Thank You from the Trigon Team!
Euromoney’s Awards for Excellence are awarded by its editorial panels and are widely considered the most prestigious awards in the global investment banking industry. The recognition of Trigon as Best Investment Bank in Poland in 2017, 2018 and 2020 is the result of Your continued trust, cooperation and openness, which motivate us to strive for continuous improvement of our advisory services to Polish and international clients on their most challenging corporate transactions in Poland and Central and Eastern Europe.
We are confident that in working together we will achieve many further successes in the future. In the meantime, we keep our fingers crossed for all our clients’ respective strategic efforts in the uncertain global environment. A warm Thank You from the Trigon Team!
- 02 July 2020
The Carlyle Group has acquired a majority stake in Memsource, a language translation software provider, from existing shareholders. The investment is aimed at helping Memsource accelerate growth across all key markets. Memsource management, including Founder and CEO David Canek, remain shareholders in the business. The financial terms of the transaction are not disclosed. Trigon is delighted to have advised Carlyle on this transaction.
London, UK and Prague, Czech Republic: 2 July 2020
Founded in 2010 and headquartered in Prague, Czech Republic, Memsource is a leading translation technology provider that assists global corporations and the language services industry to automate the localisation of large volumes of multilingual content. The company is a leader in AI-powered translation technology, which makes localisation easier, faster, and more cost-effective. Memsource has a fast-growing customer base of enterprises, localisation partners, freelance linguists, as well as leading universities. Memsource translation software is used by leaders in their respective industries, such as Uber, Zendesk, Supercell and Vistaprint.
Equity for the transaction comes from Carlyle Europe Technology Partners IV fund, which backs lower middle market technology-focused opportunities in Europe and the U.S. The investment and overall support from The Carlyle Group will enable Memsource to seek to accelerate its growth across all key markets including North America and Asia.
David Canek, Founder and CEO of Memsource, said: “We are excited to partner with Carlyle. At Memsource, we have always been committed to helping our clients optimize their localisation. With Carlyle’s support, we will significantly accelerate the pace at which we bring innovative solutions to our customers. By building on our patented AI technology, we will strive to lead the transformation of enterprise localisation together with Carlyle.”
Fernando Chueca, a Managing Director in the Carlyle Europe Technology Partners advisory team, said: “We are delighted to partner with David and his team to support the development of Memsource. In its relatively short history, Memsource has emerged as a leading technology provider to the global localisation market, with a unique proposition to enable the adoption of machine translation and automation across the industry.”
Trigon Investment Banking acted as sole financial advisor to Carlyle.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $217 billion of assets under management as of March 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 32 offices across six continents. Further information is available at www.carlyle.com.
Memsource helps global companies translate efficiently. Ranked as the most viable Translation Management System by CSA Research in 2019, Memsource supports 500+ languages, 50+ file types, and 30+ machine translation engines. Memsource enables its customers to increase translation quality while reducing costs using its patented, state-of-the-art AI technology. With a team of over 120 people in offices across Europe, US and Japan, Memsource serves thousands of global customers, including leading brands such as Uber, Zendesk, Supercell and Vistaprint. Further information is available at www.memsource.com.
- 01 May 2020
Telewizja Polsat, a wholly-owned subsidiary of Cyfrowy Polsat, has concluded a preliminary agreement to acquire Interia Group, one of the leading online media companies in Poland, from Bauer Media Group. Trigon is delighted to have advised Cyfrowy Polsat on this strategic transaction as a sole financial advisor.
Cyfrowy Polsat Group, the largest Polish privately-owned provider of media and telecommunications services, signed a preliminary agreement to acquire 100% shares in Interia Group, one of the Top 3 online media companies in Poland, recording monthly over 16 mn unique users and covering nearly 60% of Internet users in Poland, for a consideration of PLN 422 million.
Through the acquisition Cyfrowy Polsat substantially strengthens its position on the dynamically growing online advertising market. The transaction also creates an additional channel for distribution and monetization of the content which is currently produced for the purpose of the 34 channels of Polsat. Interia Group is also expected to become be the main platform for the purpose of online marketing of the entire portfolio of Polsat’s products and services, including brands such as Plus, Cyfrowy Polsat, IPLA, Netia and Polsat TV brands. Polsat Media, in turn, can support sale of Interia’s advertising space.
“We are a Polish company and we are proud to be the leader of the media-and-telecommunications market in Poland. Acquisition of Interia Group is yet another strategic investment into the development of our Group. Interia Group is a leading player in this segment. We are excited about the enormous scale of opportunities and synergies generated by this investment. We count on Interia’s dynamic development,” said Mirosław Błaszczyk, CEO of Cyfrowy Polsat.
“We are buying a well-managed business with a strong market position. It fits perfectly with Polsat TV’s strategy. We want to deliver attractive content via all possible distribution channels. Thanks to Interia our content will gain another wide field of exploitation. Our offer for advertisers will be enriched by very effective online advertising formats with extensive reach. We want to have strong position on the dynamically growing online advertising market. We are counting on both, Interia Group’s potential as well as its employees, their competencies and experience, which will surely enable us to pursue our ambitious goals effectively” adds Stanisław Janowski, President of the Management Board of Telewizja Polsat.
Veit Dengler, COO of Bauer Media Group, commented: “Interia Group is a very successful business but we must be sure that we are clearly focused on our key strategic priorities. That is why we are glad that we can sell Interia Group to Polsat Group, which is a very good strategic solution. We would like to thank Artur Potocki, the President of the Management Board, as well as the whole Interia team for the consistent and successful development of the business while wishing them all the best!“
The acquisition remains subject to approval of antitrust authorities.
Trigon Investment Banking acted as sole financial advisor to Cyfrowy Polsat, with Greenberg Traurig advising on legal matters.
About Interia Group
Interia Group is at present among the top three Internet players in Poland, both in terms of the actual number of users and the number of page views, while also being the leader in terms of growth dynamics. Interia Group is a leading player on the Polish market of new generation media, reaching nearly 60% of Internet users in Poland. Its services are used by over 16 million real users every month, and the number of page views of the Interia Groups websites exceeds 1.3 billion per month. Interia.pl portal, being one of the three largest horizontal portals in Poland, provides individual Internet users with a vast selection of the highest quality information, multimedia, social and communication services.
About Bauer Media
Bauer Media Group is a German multimedia conglomerate headquartered in Hamburg. The company has been operating on the Polish market since 1991, where it manages, inter alia, the publishing house Wydawnictwo Bauer and RMF FM radio group. In 1999 Bauer Media Group, via its subsidiary RMF FM, and Comarch, Polish IT company, have founded Interia Group, which subsequently in 2009 was taken over in 100% by the former, after the delisting of the company.
About Cyfrowy Polsat
Cyfrowy Polsat Group is one of the largest Polish companies and a leading media and telecommunications group in the region. It provides 16.5 million services to 5.9 million customers and includes: (i) Cyfrowy Polsat, Poland’s largest and Europe’s fourth largest satellite platform, (ii) Polkomtel, the operator of Plus mobile telecommunications network and one of the leading mobile networks in Poland, (iii) Telewizja Polsat, the leading commercial broadcaster in Poland by both audience and advertising market share, and (iv) ipla, leader in the online video market in Poland. Consolidated 2019 EBITDA of Cyfrowy Polsat Group exceeded PLN 4.2 billion. Cyfrowy Polsat is listed on the Warsaw Stock Exchange and as of 30th April 2020 its market capitalisation exceeded PLN 16.3 billion.
Trigon advised on the acquisition of 21.9% of shares in Asseco Poland by Cyfrowy Polsat and Mr. Zygmunt Solorz
- 27 December 2019
Cyfrowy Polsat, alongside companies owned by Mr. Zygmunt Solorz acquired 21.90% of shares and votes in Asseco Poland through purchase from existing shareholders. A total of 18,178,386 shares were acquired at a price of PLN 65.00 per share, thus totaling PLN 1.2 billion for the entire stake. Trigon is delighted to have advised Cyfrowy Polsat and Mr. Zygmunt Solorz on the acquisition and execution of the tender offer.
Warsaw, Poland – 27 December 2019
Cyfrowy Polsat, the leading media and telecommunications group in Poland, has acquired 21.90% of shares and votes in Asseco Poland together with companies controlled by Mr. Zygmunt Solorz. Asseco Poland is the largest software producer in Poland and Central & Eastern Europe and the sixth-largest one in Europe, and has been a key partner for the Polsat Group in the past. With 30 years of experience in the IT sector and a focus on developing proprietary software for key economy sectors, the company is employing over 25,000 people, of which 5,000 are located in Poland.
The strategic alliance between Cyfrowy Polsat and Asseco Poland via capital commitment aims at transformation of the Polsat Group’s IT systems in order to realize synergies from increased IT efficiency, further improved customer service and customer acquisition processes, as well as development of new products and services, while diversifying risk in the IT area, currently accounting for annual costs of close to PLN 400m.
The stake was acquired via tender offer, with a swift subscription period lasting from announcement date, 19 December, until closing of the book on 23December 2019. The final number of shares acquired, 18,178,386 shares, was announced on 27 December.
In a next step, Cyfrowy Polsat and Mr. Adam Góral, Asseco’s Founder and CEO, intend to sign a shareholders’ agreement and subsequently commence the cooperation, with Mr. Góral continuing in the position of CEO.
Trigon Investment Banking acted as sole financial advisor to Cyfrowy Polsat and Mr. Zygmunt Solorz, with Greenberg Traurig advising on legal matters.
- 30 October 2019
Rekeep S.p.A. has acquired 80% of shares in Naprzód Group, the leading provider of healthcare facility management services in Poland, for a consideration of 18.3 million Euro, taking a new step in the Group’s path to internationalization. Trigon is delighted to have advised Rekeep on this transaction as a joint financial advisor along with Vitale & Co. (Italy).
Warsaw, Poland and Bologna, Italy, October 30, 2019
Rekeep S.p.A., the holding company of the leading Italian integrated facility management group, announces the closing of a contract for the acquisition of 80% of the shareholders’ equity of Grupa Naprzód, the Polish leader in the healthcare facility management sector, from the holding company owned by the four founders.
The purchase price amounts to 18.3 million Euro for 80% of the equity, which was partially paid with cash on hand (i.e. 10.1 million Euro) at the closing, and with a second tranche (i.e. 8.2 million Euro) to be paid 12 months after the closing of the transaction. Radoslaw Maraszek, Grupa Naprzód’s current CEO, will retain a 20% stake in the Company as well as his position as CEO.
This transaction is strategic for Rekeep Group, which – thanks to its expertise – will foster Grupa Naprzód’s entrance in ancillary services that the Company does not currently provide (maintenance, heat management, laundering and sterilization, etc.), thus enabling Grupa Naprzód to position itself as the leader in Poland in the integrated facility management sector. In addition, the acquisition entails significant value creation through synergies, cross-selling opportunities and operational efficiencies between the two Groups, in light of which Rekeep will immediately position itself as the leader in Poland in the health care facility management sector.
“Grupa Naprzód is the Polish leader in the facility management sector, a fast-growing market, and operates mainly in the healthcare and public segments, with dynamics comparable to Rekeep’s own dynamics. This is a win-win transaction for both Groups, a key prospect for future development already in the medium term, which proves, once more, our determination in pursuing a strategy aimed at confirming Rekeep’s increasingly significant role as an international player” – commented Giuliano Di Bernardo, Chairman and Chief Executive Officer of Rekeep S.p.A.
Trigon Investment Banking served as joint financial advisor to Rekeep along with Vitale & Co. whereas Gatti Pavesi Bianchi and Wolf Theiss acted as Rekeep’s legal advisors.
About Grupa Naprzód
Grupa Naprzód mainly operates in the healthcare sector providing: facility management services – in particular cleaning and disinfection, including hospital specialized services for the maintenance of areas and medical instruments, and assistance to patients in the setup of beds, transportation, operations and medical procedures; catering services - such a meal preparation and distribution to patients, and management of hospital cafeterias; medical transportation services – including outsourcing, ambulance rentals, security during mass events, and transportation of disabled people.
As of 31 December 2018, Grupa Naprzód reported Revenues of 92 million Euro, EBITDA of 6.3 million Euro and Net Profits of 1.9 million Euro, with a Compounded Average Growth Rate (CAGR) of 28% in the three-year period 2015-2018. The group also employs a workforce of approximately 8,000 employees.
Rekeep S.p.A. is the leading Italian operator and one of the main European players in the Integrated Facility Management sector, i.e. it manages and provides integrated services targeted at properties, the environment and in support of healthcare services. Specifically, the services provided by the MFM Group are divided into two main business areas: Integrated Facility Management – property management and maintenance services (environmental hygiene, technical and maintenance services, landscaping, logistics, auxiliary services, heat management, lighting, document management, fire prevention and video surveillance systems) delivered also through specialized companies; 2. Laundering & Sterilization – linen rental and industrial laundering services and linen and surgical instruments sterilization for healthcare operations, delivered through the subsidiary Servizi Ospedalieri S.p.A. MFM’s headquarter is located in Zola Predosa (Bologna), it has offices all over Italy and employs more than 17,000 people throughout Italy.
Trigon advised on the sale of 100% shares in Convert Paper to German strategic investor, Papierfabrik Adolf Jass
- 09 December 2019
The Shareholders of Convert Paper, the leading Polish independent manufacturer of corrugated board and sheet feeder of solid board, have sold 100% of shares in the Company to Papierfabrik Adolf Jass GmbH & Co KG. Trigon is delighted to have advised the sellers on this transaction, from preparatory phase until completion of the process.
Employing approximately 300 people, Convert Paper developed its business model based on tailor-made solutions and 24-72h delivery time. The Company’s product portfolio includes sheets of single and double wall corrugated board, single face corrugated board and solid board.
Papierfabrik Adolf Jass GmbH & Co KG, a family-run manufacturer of ecologically friendly papers for corrugated board packaging, operates two manufacturing plants in Fulda and Rudolstadt, Germany, with production capacities of over 1 million tons of paper annually. Through the completed acquisition, Papierfabrik Adolf Jass will expand its operational footprint beyond Germany and will integrate downstream along the value chain.
Highlighting the strong belief in corrugated board packaging, Dr. Marietta Jass-Teichmann, CEO of Papierfabrik Adolf Jass, commented on the acquisition, “we are excited by this opportunity to expand our product offering, customer base, and packaging expertise. Together with Convert Paper’s management team, we look forward to continuing the Company’s successful growth path.”
Marcin Grabowski, CEO of Convert Paper, commented, ”with this transaction we gained additional opportunities for growing our business with the strong contribution of an experienced paper manufacturer. We are convinced that Convert Paper joining the Jass Group will be advantageous for both sides and brings a lot of potentials for a future common development.”
Trigon Investment Banking served as sole financial advisor to Convert Paper, with Dubiński Jeleński Masiarz and Partners, and Deloitte Legal advising on legal matters. Pöyry Capital and Noerr served as financial and legal advisors to the buy-side, respectively.
- 27 November 2019
Flügger group A/S, the leading Scandinavian paints manufacturer, has acquired 60% of shares in Unicell, a leading Polish paints manufacturer, for a consideration of DKK 87m, at an enterprise value of c. DKK 161m. Flügger furthermore acquired the rights to purchase an additional 14% of shares at a later date. Trigon is delighted to have advised Flügger on this transaction, from identification of potentially suitable transaction targets – in Poland, remaining CEE markets, the Baltics, Scandinavia and the DACH region – through completion of the acquisition of Unicell.
Warsaw, Poland and Rødovre, Denmark – 25 November 2019
Flügger group A/S has signed an agreement to purchase 60% of the shares in Unicell Poland Sp. z o.o., a paint manufacturer based in Wasilków, Poland. The majority of Unicell’s products are sold to dealers, builders’ merchants and other retailers. The company has approx. 200 employees and generates revenues of approx. DKK 145 million a year. The acquisition takes effect as of today. Flügger has had activities in Poland since 2004, and today the group has production facilities and offices in Gdansk and a network of 57 of its own shops. Until now, the Flügger group has only been selling its own products on the Polish market via its own shops. In acquiring Unicell, the group has thus expanded its presence in Poland to include sales to independent dealers and builders’ merchants (DIY).
Jimmi Mortensen, CEO of Flügger group A/S, comments: “Unicell is a well-run company which has posted solid results for many years. They have strong sales in Poland, and in recent years have seen satisfactory growth, which they expect to continue. We see several synergies between Flügger and Unicell, and in particular we’re looking forward to building on Unicell’s impressive results within the DIY sector as well as within private label.” Unicell was established in 1998 by a Dutch and a Polish family, with both the founders and two members of the second generation of the Polish family now part of the company’s daily management in positions they will continue to hold in future.”
Co-founder and CEO of Unicell, Roman Sawulski, comments: “Becoming part of the Flügger group strengthens Unicell significantly. The acquisition gives us more clout in terms of production volume and planning, as well as the possibility of exploiting synergies in areas such as product development and procurement. This will benefit both Flügger’s and Unicell’s customers. We complement each other well and have a shared understanding of how the company should be managed and developed. We’re very much looking forward to the new possibilities which will open up through becoming part of the Flügger group. The timing is perfect, as we will soon be handing over the business to the next generation in Unicell, and facing the next stage in the development of our business.”
Unicell exports to 32 countries, but most of its sales are to the Polish market, where approx. 85% of revenue is generated. In 2018, Unicell posted revenue of DKK 145 million, EBIT of DKK 17 million and EBITDA of DKK 20 million. Unicell has approx. 200 employees.
The acquisition of Unicell is part of Flügger’s Securing the Legacy strategy of growing through acquisitions while focusing on emerging markets, including Poland. The acquisition gives Flügger access to and insights into Unicell’s competencies within the DIY sector – an area which Flügger is keen to develop further and where it wants to increase profitability. Likewise, Flügger’s existing network, volume and brand will strengthen Unicell’s possibilities for creating further growth within its own as well as new products and services.
Trigon Investment Banking served as sole financial advisor to Flügger, with Baker McKenzie advising Flügger on legal matters.
- 20 June 2018
Trigon advised MCI Capital, the leading technology-focused private equity group in Central and Eastern Europe, on their sale of Polish online payment service providers Dotpay/eCard, to Nets, the leading provider of digital payment solutions in Europe, at an enterprise value of PLN 315 million.
Warsaw/Cracow, Poland and Ballerup, Denmark – 19 June 2018. MCI Capital, the leading tech-focused private equity group in Central and Eastern Europe, announce the sale of Dotpay/eCard, that are amongst the leading online payment service providers in Poland, to Nets, a market leader in the payments industry.
Andrzej Budzik will continue as CEO of Dotpay/eCard and report directly to Asger Hattel, Head of Merchant Services in Nets, and the brands of Dotpay and eCard will remain.With this acquisition Nets gains access to the sixth largest country in EU by inhabitants with a growing economy, solid growth in eCommerce volumes and high growth potential through cash to digital payments conversion, well supported by governmental cashless initiatives.
CEO of Nets, Bo Nilsson, commented: With this acquisition we extend our geographic presence in Europe, especially within the high growth merchant services area as we now get better access to pursuing opportunities in Poland. Dotpay/eCard have performed very strongly in recent years achieving solid volume and revenue growth. We aim to continue and strengthen this development through both investments into organic growth and potentially also via further consolidation.
CEO of Dotpay/eCard, Andrzej Budzik, commented: With our offerings in the eCommerce area we will further strengthen our combined portfolio within merchant services, and, as part of the Nets Group, we will be able to speed up innovation building on our joint capabilities to the benefit of merchants and consumers.
Nets and Dotpay/eCard have a highly complementary strategic fit. With a comprehensive product suite, primarily within eCommerce, Dotpay/eCard complement Nets very well, and both Nets and Dotpay/eCard will benefit from increased industrial scale and synergies through joint innovation, for instance. Dotpay/eCard employ about 100 people and the expected gross revenues for 2018 are EUR 19 million. Investment Partner of MCI Capital, Łukasz Wierdak, added: I would like to thank the management and all the employees for their cooperation and the strong development of Dotpay/eCard. Another chapter is opening up and judging by the dynamics in the industry, it will certainly be an interesting time characterised by further growth. From MCIs perspective, we have achieved a great success confirming our expertise within the area of the digital economy and fintech, and equally importantly, we are passing Dotpay/eCard into very good hands.
Trigon acted as sole financial advisor to MCI Capital, with Deloitte Legal acting as legal advisor. Nets was advised by CET Polska and White&Case.
The acquisition remains subject to approval by the relevant Polish authorities. Closing is expected to be in Q4/2018.
About MCI Capital:
MCI Capital, founded in 1999 in Warsaw, Poland, is one of the most dynamic private equity groups in Emerging Europe focused on digital transformation. Currently, with the use of Private Equity / Venture Capital funds, MCI implements growth stage and expansion/buy-out stage investments in CEE Region, Germany and Austria (DACH). MCI Capital is also active in the field of private debt. The assets under management of around EUR 540 million are dedicated to fintech, e-commerce and IT infrastructure. Latest significant milestones included exit from iZettle to Paypal, sale of CEE e-travel champion Invia, and purchase of insurtech leader in Hungary – Netrisk.
Nets is a leading provider of digital payment solutions and currently is one of the most dynamic consolidators in the European payment landscape. Nets itself has recently been taken private by US buyout fund Hellman & Friedman in a USD 5.3bn takeover from Advent and Bain, who retained minority stakes in the group. Advent and Bain have furthermore merged their DACH asset, Concardis Payment Group, into Nets Group a month ago. The group generates over EUR 1.3 billion in net revenues and EUR 500 million in EBITDA.
Dotpay and eCard are both Polish payment institutions jointly forming a leading one-stop shop for e-payment solutions in Poland by combining the capabilities of a licensed card acquirer and a payment service provider which offer merchants comprehensive, omni-channel payment solutions tailored to the most demanding business processes.
Trigon recognized by the Polish Private Equity and Venture Capital Association as M&A Advisor of the Year
- 06 June 2018
Trigon has received the prestigious “M&A Advisor of the Year 2018” award granted by the Polish Private Equity and Venture Capital Association (PSIK). PSIK is an association composed of private equity and venture capital funds active on the Polish market. Its members also include all major investment banks, advisory firms, law firms and strategic consultants. The award granted to Trigon is a significant recognition by the Polish investor community, particularly given that it was awarded for the first time this year based on a general vote by all member funds in PSIK.
This award is a recognition by professional investors of Trigon’s professionalism, creative thinking and effectiveness of its Investment Banking team. Private Equity funds are a very important and growing group of clients for Trigon. In the past few years Trigon has inter alia advised on the sale of a minority stake in Grupa Pracuj.pl to TCV, on the sale of Velvet CARE by Avallon to Abris Capital Partners, the exit by Enterprise Investors from PBKM via sale to institutional investors on the Warsaw Stock Exchange, as well as on the sale of Librus by Oresa Ventures to Public Consulting Group.
This recognition, awarded not long after Trigon was named the Best Investment Bank in Poland by Euromoney, confirms the dynamic development and quality of services offered by the Trigon Group. Most importantly, it motivates us further to offer continued excellence in serving our clients.
- 14 July 2017
We are pleased to inform you that on Thursday, 6th July 2017, our company was announced the winner of the prestigious Euromoney Award for Excellence 2017 in the category of Best Investment Bank in Poland.
Trigon advised on the successful sale of the RRC Group’s Central & Eastern European Division to Ingram Micro, Inc.
- 15 June 2016
On Tuesday, June 14th, 2016, the RRC Group, the Russia-based company engaged in distribution of high-tech products, IT services and solutions, has sold its Central and Eastern Europe Division to Ingram Micro, Inc. (NYSE: IM), the listed Fortune 500 company engaged in distribution of IT products and supply chain solutions, for an undisclosed amount. The transaction was signed and announced on February 10th and was subject to customary regulatory and other closing conditions.
Trigon acted as the sole financial advisor to the RRC Group. In addition to planning and managing the sale process itself, Trigon helped to create value for its client by assisting in the identification of a trade sale of the CEE division as the optimal strategic choice. Trigon also assisted in maximizing the competitive pressure during each stage of the process as well as actively advising the client during negotiations. Trigon also supported the RRC Group during a demanding due diligence process spanning 9 jurisdictions (Poland, Hungary, Serbia, Romania, Czech Republic, Croatia, Slovenia, Macedonia, Albania).
The transaction is expected to broaden Ingram Micro’s reach in higher margin, value-added and services businesses as well as increase revenue and profitability of the combined entity in Central and Eastern Europe thanks to established RRC brand within the region. The addition of RRC CEE to Ingram Micro is expected to contribute more than USD 250m in annual revenue.
Trigon is an independent Polish financial group, combining the competencies of a leading investment banking company, a brokerage house and an investment fund company. Trigon has been active in Central and Eastern European markets since 1989. Our Investment Banking Department advises corporations, institutions and entrepreneurs on mergers and acquisitions, equity capital markets and debt capital markets transactions. To date, we have advised on transactions totaling over USD 30bn.
About RRC Group
RRC Group is an international niche value-added distributor with its headquarters in Moscow, Russia. Since 1992 it promotes high end networking and telecommunication equipment, automatic identification devices, security and data protection systems for multi-level networks of various degrees of complexity in more than 20 countries across the CEE and CIS regions.
RRC Group’s CEE division operates via 9 offices in Poland, Hungary, Serbia, Romania, Czech Republic, Croatia, Slovenia, Macedonia, Albania). RRC CEE is headquartered in Poland and covers the entire CEE region. RRC CEE counts with a high-quality portfolio of vendors (including Cisco, IBM, Zebra, EMC, Avaya) and generates over USD 250m in annual turnover.
About Ingram Micro
Ingram Micro is one of the leading global IT distributors covering ca. 160 countries via 122 distribution centers. The Company is listed on New York Stock Exchange and has a market capitalization of over USD 5.1 bn. It is ranked #62 in Fortune 500. Shortly after the announcement of the acquisition of RRC CEE, Ingram Micro became a part of the HNA Group, a multinational conglomerate with over USD 90bn in assets encompassing aviation, airport management, financial services, real estate, retail, tourism, transportation and logistics.
- 22 April 2016
Date: 27 April 2016
Information regarding the number of shares acquired in the share acquisition transaction based on subscriptions placed under a tender offer for the shares of Midas S.A. with its registered office in Warsaw announced of 29 February 2016 by Polkomtel sp. z o.o. with its registered office in Warsaw – press release
TRIGON Dom Maklerski S.A., acting as a broker in the tender offer for the shares of Midas S.A. (“Midas”) with its registered office in Warsaw announced on 29 February 2016 by Polkomtel sp. z o.o. (the “Tender Offer”) announces that acquired in the share acquisition transaction based on subscriptions placed under the Tender Offer conducted on the Warsaw Stock Exchange on 22 April 2016 were 403,054,449 shares of Midas carrying up to 403,054,449 votes at the General Meeting of Midas and representing 27.2395% of the total number of votes and share capital of Midas.
- 23 February 2016
Trigon Dom Maklerski won the Golden Bull Award of the Warsaw Stock Exchange for the greatest number of companies introduced into the main trading floor of the Warsaw Stock Exchange in 2014. Giełda Papierów Wartościowych w Warszawie S.A. on its annual ceremony awarded the previous year’s leaders of the Polish capital market. Dom Maklerski Trigon S.A. turned out to be unrivalled in the category of the number of companies introduced to the Main Trading Floor. This is yet another award for the leading, independent banking investment group in Poland.
- 05 September 2014
Trigon is the first Polish brokerage house which has entered League Tables, the prestigious ratings published by MergerMarket, an institution monitoring transactions on the financial market.
- 01 July 2011
Spartan Capital Holdings Sp. z o.o. (Spartan Holdings) controlled indirectly by Zygmunt Solorz-Żak, has signed a preliminary agreement for the purchase of 100% of shares in Polkomtel.
- 21 January 2011
Trigon was the exclusive financial advisor of Trakcja Polska – the leading rail infrastructure construction group in Poland during the merger with Tiltra Group - a regional transport infrastructure construction group which primarily operates in Poland and Lithuania. The total transaction value amounted to PLN 777 million.
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