MCI Management's success story

Wrocław-based investment group MCI Management has signed an agreement with Actebis Holding regarding the purchase of an 80-percent equity stake in six of Actebis' subsidiaries. The cost of the investment will amount to E58 (zł.221) million, to be paid upon the deal's close.

"We bought market leaders, which provide us with the three factors we've been looking for - significant scale, international expansion and excellent access to the technologically sophisticated and extraordinarily creative markets of Scandinavia," said Anna Hejka, a partner at MCI Management.

The six companies in which MCI is investing consist of ABC Data in Poland and Slovakia, and Actebis Computer in Denmark, Norway, Sweden and the Czech Republic. These firms sell computer hardware and other components, and their consolidated sales in 2006 amounted to over R1 (zł.3.8) billion. ABC Data is the largest IT company in Poland in terms of sales - turnover in 2006 amounted to more than zł.2 billion.

MCI's future strategy involves maximizing the value of these firms by enhancing their financial and operational activity. "We want to consolidate these six companies into one and debut on the WSE in a nine- to 24-month period," said Hejka. The firm plans to turn a three-digit profit before 2010.

The market didn't respond to the news of the acquisition enthusiastically. On the day of the announcement, MCI's share price dropped 5.13 percent, but analysts are confident that the deal will prove successful in the long run.