The Central and Eastern Europe-focused private equity fund has sold Hungarian e-marketplace and auction site Vatera.hu, generating a 59 percent gross IRR. Budapest-headquartered iEurope Capital has made 13.5 times its original investment of undisclosed size in Vatera.hu, a Hungarian online auction site and marketplace. The firm sold Vatera to MIH Internet Europe, a subsidiary of South African media conglomerate Naspers. Financial details were not disclosed, though iEurope said in a statement the sale represented a 59 percent gross internal rate of return.
By Amanda Janis