M&A Deal Summary

Itaka Holdings Sp. z o.o. Acquires Novaturas UAB

On June 29, 2017, Itaka Holdings Sp. z o.o. acquired internet software and services company Novaturas UAB from Enterprise Investors

Acquisition Highlights
  • This is Itaka Holdings Sp. z o.o.’s 1st transaction in the Internet Software and Services sector.
  • This is Itaka Holdings Sp. z o.o.’s 1st transaction in Lithuania.

M&A Deal Summary
Date 2017-06-29
Target Novaturas UAB
Sector Internet Software and Services
Buyer(s) Itaka Holdings Sp. z o.o.
Sellers(s) Enterprise Investors
Deal Type Add-on Acquisition

Target

Novaturas UAB

Kaunas, Lithuania
Novaturas UAB is a travel operator in Lithuania, Latvia and Estonia. Its reliability and reputation, coupled with the Baltic States’ good macroeconomic position and growing consumption, have helped Novaturas become the number one market player in the region. The company offers a wide range of products including package holidays, sightseeing tours and skiing trips. Its diversified destination portfolio covers all trending holiday spots such as Turkey, Spain, Canary Islands and Greece, as well as winter retreats in Italy and France.

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Buyer(S) 1

Buyer

Itaka Holdings Sp. z o.o.

Opole, Poland
Category Company
Founded 1989
Sector Internet Software and Services
DESCRIPTION

Itaka Holdings Sp. z o.o. operates as a travel agency in Poland. It provides online air ticket booking, hotel and resort booking, and car hire services. Itaka is the unquestioned leader on the Polish travel market and the largest tour operator in Central and Eastern Europe. In its 28 years of operation the company has often led the way by introducing innovative products on Poland’s developing foreign travel market.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Lithuania) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Enterprise Investors

Warsaw, Poland

Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Enterprise Investors is a private equity firm focused on investments in Central and Eastern Europe, with a primary interest on opportunities in Poland. Enterprise Investors is a generalist investor and looks to commit €30 to €50 million in medium-sized businesses. Enterprise Investors was formed in 1990 and is headquartered in Warsaw.

DEAL STATS #
Overall 21 of 32
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 8 of 14
Country (Lithuania) 1 of 1
Year (2017) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 Polski Bank Komórek Macierzystych S.A.

Warsaw, Poland

Polski Bank Komórek Macierzystych S.A. is a cord blood bank in Europe, through an accelerated bookbuilding. Polski Bank Komórek Macierzystych, which operates under the Famicord Group brand, is a cord blood bank with a dominant position in EU and Turkey. The company was established 2002 as Poland’s second cord blood bank.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Elemental Holding SA

Grodzisk Mazowiecki, Poland

Elemental Holding is the largest non-ferrous metals and electro-waste recycling company in Poland. The company has been consolidating the non-ferrous scrap metal market in the country and expanding its operations into the growing electro-waste recycling market since its inception in 2009

Sell -
Mergr

Product

Company

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