Internet Europe BV will acquire Hungarian ecommerce company Vatera.hu Kft from IEurope Capital.
Terms were not disclosed.
IEurope confirmed that the purchase includes the non-Hungarian operations as well.
“The Vatera story is a great example of how private equity investing in Hungary and the Central Eastern European region can deliver outstanding returns,” said Laszlo Czirjak, founder and partner at IEurope, in a statement. “Under our guidance, Vatera has developed a multi-disciplined management team with established management processes and a solid marketing focus essential to any consumer-oriented business.”
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