M&A Deal Summary

Axxess Capital Acquires Nextebank

On April 30, 2014, private equity firm Axxess Capital acquired financial services company Nextebank from MKB Bank Zrt.

Acquisition Highlights
  • This is Axxess Capital’s 7th transaction in the Financial Services sector.
  • This is Axxess Capital’s 14th transaction in Romania.

M&A Deal Summary
Date 2014-04-30
Target Nextebank
Sector Financial Services
Buyer(s) Axxess Capital
Sellers(s) MKB Bank Zrt.
Deal Type Divestiture

Target

Nextebank

Voluntari, Romania
Nextebank is a provider of commercial banking services. Nextebank's vision is to become the first choice of informed, modern, dynamic customers looking for customized, fast, and efficient solutions. Nextebank was founded in 1993 and is based in Voluntari, Romania.

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Buyer(S) 1

Buyer

Axxess Capital

Bucharest, Romania

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Axxess Capital is an Eastern European private equity manager focused on investing in Romania and Bulgaria. Axxess looks to commit €5 to €15 million per transaction and targets investments in industry-leading, growth-oriented companies with positive cash-flows. Broad areas of interest include business services, consumer services, and consumer products. Axxess Capital was formed in 1995 and is based in Bucharest, Romania.

DEAL STATS #
Overall 17 of 17
Sector (Financial Services) 7 of 7
Type (Divestiture) 1 of 1
Country (Romania) 14 of 14
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-25 Star Storage

Bucharest, Romania

Star Storage is one of the major Romanian IT companies providing solutions and services (including BPO) to manage the entire life cycle of information generated in enterprises, SMB, and the public sector. Star Storage is active in several lines of business related to content management, with a strong focus on its own software products delivered on-premise or on-demand (SaaS). The SaaS business model is backed by its Data Center business unit and channeled through international MSSPs and Cloud Service Brokers/Integrators. Star Storage was founded in 2000 and is based in Bucharest, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 Noriel

Bucharest, Romania

Noriel is the toys and games distributor and cardboard games producer in Romania that recently entered into specialized toys and games retail. Noriel was founded in 1993 and is based in Bucharest, Romania.

Sell -

Seller(S) 1

SELLER

MKB Bank Zrt.

Budapest, Hungary
Category Company
Founded 1950
Sector Financial Services
Employees2,178
DESCRIPTION

MKB Bank Zrt. is a provider of various banking and non-banking products and services.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Romania) 1 of 1
Year (2014) 1 of 1
Mergr

Product

Company

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