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Digital Solutions Provider IAI Group in Poland to be Acquired by Montagu

Private equity firm Montagu announced plans to acquire IAI Group, a top digital retail solutions provider in Poland, subject to regulatory approval. With this deal, MCI Capital ASI and IAI's founding members will relinquish ownership.

Acquiring the Poland-based digital retail solutions provider, IAI Group, will be Montagu, as...
Acquiring the Poland-based digital retail solutions provider, IAI Group, will be Montagu, as announced.

Digital Solutions Provider IAI Group in Poland to be Acquired by Montagu

UK's Montagu Acquires Leading Polish Digital Retail Solutions Provider IAI Group

In a significant move, UK-based private equity firm Montagu has agreed to acquire IAI Group, a leading digital retail solutions provider in Poland, from MCI Capital ASI and IAI's founders [1][2][3][4].

Founded in 2000, IAI Group offers the e-commerce SaaS platform IdoSell and operates around 13,000 online stores in Poland and Hungary under brands including IdoSell, AtomStore, and Shoprenter [1][2]. The company also owns IdoPayments, a payment services company with National Payment Institution status in Poland [2][4].

Under MCI Capital’s majority ownership since 2018, IAI Group experienced substantial growth with a compound annual growth rate (CAGR) exceeding 20% in net revenues from 2022 to 2024 [1]. MCI Capital executed a value creation strategy through organic growth and strategic acquisitions, scaling IAI’s operations, enhancing its organizational structure, and expanding geographically within Central and Eastern Europe [3][4].

The sale price to Montagu was approximately PLN 469.3 million (EUR 110.3 million) net, marking one of the largest exits in MCI Capital’s history and representing successful ownership succession and rapid value creation [3][4].

Daniel Fischer, Partner at Montagu, expressed enthusiasm about IAI's mission-critical role in digital retail operations across Central and Eastern Europe. Michał Paschalis-Jakubowicz, Chief Executive Officer at IAI Group, shared a similar vision with Montagu and spoke of combined expertise for strong growth with both current and future clients [1][2].

Montagu plans to integrate IAI into its digital infrastructure portfolio, aligning with their strategy of investing in critical digital retail ecosystem providers [1][2]. Tomasz Czechowicz, CEO and Managing Partner at MCI Capital, sees this partnership with Montagu as an exciting new chapter in IAI's growth story [1].

Summary

  • Acquirer: Montagu Private Equity (UK-based mid-market PE firm)
  • Seller: MCI Capital ASI and IAI founders
  • Target: IAI Group, Poland’s leading digital retail (e-commerce SaaS) solutions provider
  • Founded: 2000
  • Key Brands: IdoSell, AtomStore, Shoprenter, IdoPayments (payment services)
  • Market Presence: ~7,000 stores in Poland, ~6,000 in Hungary
  • Growth under MCI (2018–2025): >20% CAGR in net revenues (2022-2024); geographic expansion; strategic acquisitions
  • Sale Price: PLN 469.3 million net (~EUR 110.3 million)
  • Strategic Outlook: IAI to join Montagu’s digital infrastructure portfolio; focus on sustained growth and ecosystem role

This transaction underscores MCI’s successful tech-sector investment approach and Montagu’s strategic expansion within digital infrastructure [1][3][4].

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