MCI Capital

MCI Capital SA

Type	public company
ISIN	PLMCIMG00012
Industry	finances
Founded	1999
Founders	Tomasz Czechowicz, Andrzej Dadełło, Howell SA, Czechowicz Venture Sp. z o.o.
Headquarters	00-113 Warszawa, ul. Emilii Plater 53
Key people	Tomasz Czechowicz
Website	www.mci.pl

MCI Capital SA - private equity fund listed on the Warsaw Stock Exchange ^[1] active in the Central and Eastern Europe. According to the Wall Street Journal MCI is one of Poland’s leading venture capital and private equity companies.^[2] The company was founded by Tomasz Czechowicz, according to the Polish edition of Forbes magazine one of the richest Poles, with an estimated wealth of 520 million PLN (147 million USD).^[3]

History

• 1999: MCI sp. z o.o. was founded
• 2000: MCI renamed to MCI Management S.A.
• 2001: IPO on the Warsaw Stock Exchange
• 2002: Portfolio restructuring
• 2004: Issue of 5-year convertible bonds (first time issued by an investment fund in Poland^[4])
• 2005: First IPO of the MCI portfolio company: Travelplanet.pl^[5]
• 2007: Creation of MCI Capital TFI SA; IPOs of MCI's portfolio companies on the Warsaw Stock Exchange
• 2008: First buy-out transaction: ABC Data
• 2009: First fund with investment from state-owned the National Capital Fund and the Polish Agency for Enterprise Development; Bankier.pl – full exit via trade sale; listing of convertible bonds on Catalyst (the Warsaw Stock Exchange-controlled market of bonds)
• 2010: IPO of ABC Data on the Warsaw Stock Exchange^[6]
• 2015: $45 million round of funding in Auctionata from a group of international investors led by MCI Management^[7]
• 2015: Change of name of the company to MCI Capital S.A.

Business activity

MCI does early stage venture, later stage venture, and private equity investments in CEE Region, Germany and Austria, in former Soviet Republics countries (CIS – Commonwealth of Independent States) and in Turkey.^[8]

The value of MCI’s assets under management is above 1.589 M PLN.^[9] The group has made over 60 major investments, and achieved 30 full exits. Between 1999 and 2014 MCI's net IRR at the level was 23,8%.

MCI Management SA is listed on the Warsaw Stock Exchange since February 2001 and is also a member of the Polish Private Equity Association.^[10]

Investment strategy

MCI investment strategy is focused on the following sectors: E-Commerce, Mobile payment, Online travel, Digital Media, Digital Entertainment, SaaS, Cloud Computing, Big Data, FinTech ^[11]

References