MCI.TechVentures Fund increases shareholding in the leading European online store Windeln.de to over 15 percent
MCI.TechVentures Fund increases shareholding in the leading European online store Windeln.de to over 15 percent

MCI.TechVentures Fund increases shareholding in the leading European online store Windeln.de to over 15 percent

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MCI.TechVentures Fund (MCI.TV), managed by Private Equity Managers, increases shareholding in the Windeln.de, one of the leading online only retailers for baby and children's products. As the result of share purchases, Fund’s stake in Windeln.de now exceeds 15 percent and thus, according to publicly available information, MCI.TV has become the company’s largest shareholder.

Germany’s Windeln.de – with annual sales forecasted to exceed 200 million EUR in 2016 – is a leading European e-commerce store in its product category. The fund’s first investment in Windeln.de was completed in 2013. During an IPO in 2015 MCI.TV sold approx. 1/4 of its shares.  The stake that MCI.TechVentures currently owns makes it the company’s largest shareholder. The value of shareholding corresponds to around 5,5% of the assets under management in the MCI.TV Fund.
The increase of MCI.TV’s capital involvement in Windeln.de is part of the group’s strategy directed at strengthening the portfolio of funds associated with MCI Capital, in terms of attractive companies operating in the e-commerce market. Along with Windeln.de, MCI.TechVentures portfolio also includes Frisco.pl (Poland’s leader in the e-grocery market), Morele.net (the biggest online store in Poland for consumer electronics) and Pigu.lt (the largest e-commerce store in the Baltic countries).

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