Global law firm Dentons advised the founders and the fund Syntaxis Capital on the PLN 158 million sale of a majority stake in eSky to an MCI Capital fund. The transaction also includes a capital injection into the company.
The founders of eSky will remain active shareholders controlling 45 percent of the shares in the company. The transaction is subject to approval by the merger control authority and other institutions.
The eSky Group is an online travel agency using advanced technology to enable travelers to purchase airline tickets, book accommodation, rent cars and purchase travel insurance. The group sells products in over 60 countries worldwide and is a market leader in the CEE region and a leading player in South America.
The transaction team was led by partner Paweł Grabowski and managing counsel Michał Wasiak and included Dagmara Przybytniowska and Katarzyna Kozak from M&A practice in Warsaw, as well as Katarzyna Mazur from Dentons’ Banking and Finance team.
In 2014, Dentons advised the Syntaxis Capital fund on its investment in the eSky Group.