Gide has advised Internet Ventures FIZ on its sale of a stake in Focus Telecom to MCI.Euroventures in a transaction that saw the MCI fund acquire 80% of Focus Telecom for a total of PLN 80.1 million. Porebski and Partners reportedly advised the Focus Telecom founders. Dubinski Jelenski Masiarz and Partners reportedly advised MCI.
Both Internet Ventures FIZ and MCI.Euroventures are MCI Capital group funds. MCI Capital is a private equity group in the CEE region, specializing in digital transformation processes.
Focus Telecom is a Polish provider of cloud-based contact center solutions, customer experience, and business communication services.
According to Gide, with this transaction “the MCI Fund acquired a total of 80% of the shares in Focus Telecom from Internet Ventures FIZ and the other shareholders, for a total of PLN 80.1 million. The remaining 20% of the shares were retained by the company's founders.”
The Gide team included Partner Pawel Grzeskowiak and Senior Associate Wojciech Czyzewski.
