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Mid Europa Invests in Displate
05 November 2020
Mid Europa Partners ("Mid Europa"), the leading private equity
investor in Central and Eastern Europe, announced today that it has
entered into an agreement to acquire a majority stake in GWD
Concept Sp z o.o. ("Displate" or the "Company"), from the Founders,
Credo Ventures and Miton Capital. The transaction is expected to
close in Q4 2020.
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.
Pawel Padusinski, Partner and Co-Head of Mid Europa Partners'
Warsaw Office, said: "The acquisition of Displate follows our very
successful investment in Allegro in Poland, and highlights Mid
Europa's increased focus on companies operating in the broadly
defined e-commerce sector. We continue to be impressed by
Displate's ability to expand its successful platform globally,
while executing a focused strategy centred around product
excellence, content curation and marketing efficiency."
Pawel Caruk, Principal of Mid Europa, added: "We are delighted
to be joining forces with this Polish champion in a passion-based
marketplace. We see great potential in developing the Displate
model further, and we look forward to working with the Company to
shape its next phase of development."
Karol Banaszkiewicz, CEO and a co-Founder of Displate,
commented: "Having witnessed the business increase its revenues
more than five-fold in the last two years, I look forward to
working with Mid Europa and seeing the Company benefit from access
to their resources and extensive e-commerce experience as we
continue our global expansion."
The transaction was executed by Pawel Caruk, Bartosz Malecki,
Eugeniu Prodan and Adam Golos.
Mid Europa was advised by Raymond James (M&A), DLA Piper
(legal), OC&C (commercial), PwC (financial, tax and IT),
Palladium Digital (digital) and Ramboll Environ (ESG).
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