Sale of Invitech ICT Services LLC
CEE Equity Partners, acting on behalf of the Luxemburg based China-CEE Fund I in its capacity of Investment Advisor, completed the sale of 100% of Invitech ICT Services LLC to 4IG PLC, a leading Hungarian IT Services and Telecom player, on September 30th, 2021.
CEE Equity Partners thanks the independent member of the Supervisory Board Maciej Witucki, the entire Management Board and each and every Invitech employee, for supporting us and our strategies during the Fund’s ownership period, and for the quality work they performed at all times, including during the hard and lonely “work from home” COVID lockdowns. The course of Invitech’s future could not have successfully been changed without the entire excellent Invitech team.
With this transaction, nearly 85% of the China- CEE Fund I portfolio has been successfully exited to date.
Rothschild & Co London, the Arthur D. Little Telco Practice in Vienna, and CMS Prague, advised the sell-side on this transaction.