United Kingdom Dentons Tender

Dentons Banking and Finance team in Warsaw advised mBank in preparing and negotiating the finance documents related to private equity fund MCI.EuroVentures acquisition of a 51 stake in software company IAI S.A. The transaction is an example of a leveraged buyout investment LBO partly funded by acquisition and mezzanine finance. MCIs investment amounts to PLN 140 million. IAIs founders retain ownership of 49 of the shares.IAI offers e-commerce and e-travel software on a software as a service model enhanced with a comprehensive array of services dedicated to online stores and accommodation bookings. MCI which has invested into brands such as Answear Morele and Pigu Frisco and Gett wants to use its vast experience in e-commerce to make IAI become a digital champion in Central and Eastern Europe.Counsel Piotr Nerwinski led the transaction team with the support of associates Justyna Jamrozy and Marta Borowska and in co-operation with Dentons Capital Markets team. Partner Mateusz Toczyski Head of Dentons Banking and Finance practice in Europe supervised the project.