MidEuropa Completes Acquisition of Majority Stake in Displate

MidEuropa, the leading private equity investor in Central and Eastern Europe, announced today that it has completed the acquisition of a majority stake in GWD Concept Sp z o.o., from the Founders, Credo Ventures and Miton Capital. The transaction was financed by the leading Polish bank, Bank Pekao.

Displate is a leading online metal prints marketplace that connects more than 40,000 visual creators and more than 30 licensed brands to a customer base of enthusiasts in more than 50 countries. The Company is active in a number of verticals including gaming, movies, anime, music, travel and sport. The platform has over 1.4 million artist-generated designs which it prints on high-quality metal plates. The Company was founded in 2013 by Karol Banaszkiewicz, Edward Ruszczyc and Jacek Swigost, who remain significant minority shareholders of the business.