Montagu to Acquire IAI Group from MCI Capital
Deal News | Jul 25, 2025 | Montagu Private Equity
London-based private equity firm Montagu has announced its acquisition of IAI Group, a leading Polish digital retail solutions provider. The transaction sees Montagu acquiring the company from MCI Capital ASI and IAI's founders, Paweł Fornalski and Sebastian Mulinski. Established in 2000, IAI aids mid-to-large merchants in building effective e-commerce operations, notably via its platform, IdoSell. Having previously grown over 20% CAGR in net revenues (FY22-FY24), driven by strategic acquisitions and the launch of IdoPay, IAI is strategically positioned in Central and Eastern Europe. Montagu appreciates IAI's market position and plans to enhance its growth and capabilities. The acquisition awaits regulatory approval, marking a pivotal new chapter for both companies.
Sectors
- Private Equity
- Digital Retail Solutions
- E-commerce
Geography
- Poland – IAI Group is based in Poland, and it is a primary location for its operations and market presence.
- Central and Eastern Europe – IAI and Montagu are focusing on opportunities in the fast-growing digital retail markets across Central and Eastern Europe.
- United Kingdom – Montagu, the acquiring firm, is based in London, UK.
Industry
- Private Equity – Montagu, a private equity firm, is acquiring IAI Group, which relates this transaction to the Private Equity industry as they specialize in such buyouts.
- Digital Retail Solutions – IAI Group operates in the digital retail space, providing e-commerce platforms and services, making this industry relevant to the article.
- E-commerce – IAI's platforms and solutions support e-commerce operations, anchoring this article in the E-commerce industry.
Financials
- 20% CAGR – IAI's net revenue growth has been more than 20% CAGR between FY22-FY24.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Montagu Private Equity | Acquirer | Company | A leading mid-market private equity firm focusing on businesses in structurally growing markets across several priority sectors. |
| IAI Group | Target Company | Company | Poland's leading digital retail solutions provider, known for its platform IdoSell and its presence in Central and Eastern Europe. |
| MCI Capital ASI | Selling Company (Vendor) | Company | The largest Warsaw-based private equity fund, focusing on mid-market transactions in the technology sector. |
| Paweł Fornalski & Sebastian Mulinski | Founders/Sellers | People | Founders of IAI Group who are selling their stake in the company as part of the transaction. |