M&A Deal Summary

PragmaGO Acquires Monevia

On February 6, 2024, PragmaGO acquired financial services company Monevia from 21 Invest

Acquisition Highlights
  • This is PragmaGO’s 1st transaction in the Financial Services sector.
  • This is PragmaGO’s 1st transaction in Poland.

M&A Deal Summary
Date 2024-02-06
Target Monevia
Sector Financial Services
Buyer(s) PragmaGO
Sellers(s) 21 Invest
Deal Type Add-on Acquisition

Target

Monevia

Bydgoszcz, Poland
Monevia is a provider of liquidity enhancement solutions for SMEs segment in Poland. Monevia purchases non-overdue invoices from small and micro-enterprises. The service is an alternative to factoring, rarely offered by other financial institutions to small and micro enterprises in Poland. Monevia is based in Bydgoszcz, Poland.

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Buyer(S) 1

Buyer

PragmaGO

Katowice, Poland
Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

PragmaGO is to support the dynamics of development of companies from the small and medium-sized enterprise sector in Poland. PragmaGO want to support the development of clients by providing them with working and investment capital and significantly reducing the risk of payment backlogs. PragmaGO was founded in 1996 and is based in Katowice, Poland.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Poland) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

21 Invest

Treviso, Italy

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

21 Invest is a private equity firm that targets investments in growth-oriented, middle-market Italian, French, and Polish companies operating in a variety of industries. The Firm invests in French businesses through 21 Centrale Partners, Italian companies through 21 Partners SGR, and Polish companies through 21 Concordia. The Firm targets transactions requiring at least €10 million of capital typically in the form of development capital for growth companies, buyout capital for managers, or replacement capital for companies facing succession issues or needing shareholder liquidity. 21 Invest was founded in 1992 and is based in Treviso, Italy.

DEAL STATS #
Overall 43 of 43
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 8 of 8
Country (Poland) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Omega Pharma

Cantu, Italy

Omega Pharma engages in development and delivery of nutraceuticals and medical devices for the people health and well-being. Omega Pharma was founded in 1995 is based in Cantu, Italy.

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