M&A Deal Summary

Mid Europa Partners Acquires Pigu

On June 17, 2021, private equity firm Mid Europa Partners acquired retailer Pigu

Acquisition Highlights
  • This is Mid Europa Partners’ 3rd transaction in the Retail sector.
  • This is Mid Europa Partners’ 1st transaction in Lithuania.

M&A Deal Summary
Date 2021-06-17
Target Pigu
Sector Retail
Buyer(s) Mid Europa Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Pigu

Vilnius, Lithuania
Pigu is an e. trading player in the Baltics, operating main online shopping centres. Pigu offers nearly 140’000 consumer products, including household appliances, electronics, beauty & fashion, children goods, sports, DIY. Pigu is the only online retailer in the region to implement advanced warehouse management systems. Pigu was founded in 2007 and is based in Vilnius, Lithuania.

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Buyer(S) 1

Buyer

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Mid Europa Partners is a private equity firm focused on investing in Central and Eastern Europe. Mid Europa prefers control based investments in market leading companies operating in industries with high barriers to entry. Sectors of interest include telecom, media, utilities, transportation, natural resources, industrial, healthcare, building materials, manufacturing, and agriculture. The Firm looks to commit €75 to €200 million of equity capital per transaction in businesses valued up to €500 million. Prospective transaction types include buyouts, take-privates, divestitures, turnarounds, and large scale expansions. Mid Europa Partners is the successor entity to EMP Europe Ltd, which was formed in 1999. Mid Europa has offices in Budapest, Warsaw, and London.

DEAL STATS #
Overall 42 of 44
Sector (Retail) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 18 of 18
Country (Lithuania) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Symfonia

Warsaw, Poland

Symfonia is a provider of cloud business management solutions for SMEs. Symfonia offers four best-in-class products (Symfonia 50Cloud, Symfonia ERP, Symfonia Kadry i Płace One Payroll, and Symfonia Start) to a diversified base of loyal clients. Symfonia recently transitioned from a licensing model to a subscription model, achieving robust top-line growth and enhanced profitability. Symfonia was founded in 1995 and is based in Warsaw, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 Optegra

London, United Kingdom

Optegra is an eye healthcare provider treating A-Z eye conditions that is supported by dedicated optometrists, healthcare technicians and consultants who provide a wide range of procedures including lens replacement (Clarivu), laser eye surgery, cataract removal, glaucoma, and AMD. Optegra was founded in 2007 and is based in London, United Kingdom.

Buy -
Mergr

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