Highlights

Despite Brexit and trade war headwinds, as well as an emerging industrial slow-down in Germany, the CEE region retains strong GDP growth, with Poland at projected at 4%+ and Czechia at 3%+ for 2019. The region’s mid-market M&A activity levels held – strongly driven by foreign investments into Poland, Romania, Croatia and the Czech Republic.

From a political point of view, the recent elections in Slovakia, Ukraine and the Baltic region are likely to contribute to a more favourable market environment and thus to an increase in M&A activity in these regions going forward. In terms of sectors, CEE has been a strong nurturing ground for innovation and disruptive technologies, notably in the fintech and payments subsectors.

The key transaction that took place during the period include:

Consumer, Leisure & Retail

  • Blackstone acquired a majority stake in Superbet Betting & Gaming, the Romania-based company engaged in providing sports betting, virtual sports betting, and gaming services for a cash consideration of €175m
  • Mid Europa Partners acquired a majority stake in Mlinar, the Croatia-based wholesaler and retailer of bakery products, for an undisclosed consideration

Healthcare

  • Resource Partners sold Mavit, the Poland-based leading ophthalmological clinic network, to Grupa LUX MED, BUPA’s Polish subsidiary, for an undisclosed consideration. DC Advisory advised Resource Partners on this transaction, discover more >

Industrial Products & Services

  • Innova Capital acquired CheMeS, the Poland-based printing company specialised in self-adhesive and heat-shrink labels production, from Abris Capital Partners, for an undisclosed consideration

Services

  • Abris Capital Partners acquired S.C. Dentotal Protect, the Romania-based distributor of dental consumables, instruments and equipments, from the Dogariu family, for an undisclosed consideration

TMT

  • General Atlantic acquired a majority stake in Kiwi.com, the Czech Republic-based operator of online travel booking platform, for an estimated consideration of €116m