29.12.2017
MCI.EuroVentures (Fund, MCI.EV) acquires Hungarian insurtech market leader Netrisk.hu (The Company, Netrisk). The value of the transaction co-financed by Mezzanine Management and Bank Gospodarstwa Krajowego amounted to EUR 56.5 million.
- The Seller, Enterprise Investors fund, has been involved in Netrisk since 2010.
- After the transaction, MCI Group assets under management allocated in the fintech/insurtech sector make it one of the three largest areas of Funds' exposure, alongside Internet infrastructure and e-commerce.
14.12.2017
The MCI.EuroVentures Fund has sold part of its shares in the Turkish company Index for more than PLN 36 million.
Through this and other transactions, MCI funds have received a total of nearly PLN 130 million this year.
The fund from the MCI Group has completed a partial exit from the Index company, a leading company in the IT market in Turkey. In exchange for its 7 per cent shareholding, the Fund received PLN 36.2 million. After the transaction, the Fund remains the second largest investor of the listed company.
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10.11.2017
After Q3’17, MCI Group generated a net profit of PLN 90.1 million. NAV per share was PLN 20.35, an almost 15 % increase compared to the beginning of the year.
- The NAV per share (NAV/s) stood at PLN 20.35 on 30 September 2017 compared to PLN 17.75 at the end of 2016. This means that the rate of growth from the first six months of this year has been maintained.
- The value of MCI's assets amounted to PLN 1.379 billion as of 30 September 2017.
- Net profit stood at PLN 90.1 million.
- The company continues to maintain a low level of debt.
28.09.2017
MCI.TechVentures carries out the recapitalization of NaviExpert with a fund co-managed by Credit Value Investments
The fund MCI.TechVentures (MCI.TV, Fund), seeing enormous growth potential in the insurtech solutions offered by NaviExpert, has decided to remain invested in the company. At the same time, taking advantage of NaviExpert’s very positive financial results, MCI.TechVentures carried out the company’s recapitalization with a fund co-managed by Credit Value Investments (CVI).
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29.08.2017
The Polish Financial Supervision Authority (KNF) has approved the issue prospectus for the program for issue of bonds of MCI.PrivateVentures FIZ
The Polish Financial Supervision Authority (KNF) has approved the issue prospectus for the program for issue of bonds of MCI.PrivateVentures FIZ (MCI.PV), the largest fund of the MCI Group, consisting of the MCI.TechVentures and MCI.EuroVentures sub-funds.
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21.08.2017
In the first half of 2017, MCI Group generated a net profit of PLN 47.4 million. NAV per share was PLN 19.54, a 10% increase compared to figures from the beginning of the year.
- As at 30 June 2017, NAV per share (NAV/s) stood at PLN 19.54 compared to PLN 17.75 at the end of 2016.
- Half of the increase in NAV/s is due to the increased value of Company’s investment certificates, with the other half being due to the buyback and share redemption operations carried out.
- As at 30 June 2017, the value of MCI’s assets was PLN 1.335 billion.
- Net profit amounted to PLN 47.4 million, with a return on investment standing at PLN 56 million.