Value4Capital to Exit Home.pl for EUR135 Million (CEE and CIS)

Source: Value4Capital, Unquote.com 

Central Europe-focused private equity firm Value4Capital (V4C) has agreed to sell its stake in Poland-based Home.pl to United Internet’s subsidiary 1 & 1 Internet for a reported EUR135 million (approximately US$149 million). This translates into a reported 3.4x cash return and an IRR of over 40 percent for V4C on its investment. Home.pl is a provider of cloud-based services in Poland and Central Eastern Europe. V4C originally acquired a controlling interest in Home.pl, alongside the company’s original founders and its Chief Executive Officer, Marcin Kuśmierz, in February 2012. The transaction is subject to regulatory approval.