White & Case has advised Montagu on its acquisition of IAI Group from MCI Capital ASI and founders Pawel Fornalski and Sebastian Mulinski. Dubinski Jelenski Masiarz reportedly advised the sellers.
The transaction remains contingent on regulatory approval.
Montagu is a European private equity firm.
IAI Group is a Polish e-commerce SaaS platform. According to White & Case, the IAI Group serves around 7,000 stores in Poland and 6,000 in Hungary through its three brands: IdoSell, AtomStore, and Shoprenter. It also owns IdoPayments, a licensed National Payment Institution.
The White & Case team in Warsaw included Partners Marcin Studniarek and Marek Sawicki, Counsels Malgorzata Pasnik and Klaudia Malczewska, and Associates Dominika Czarniak, Jaroslaw Fejdasz, Michal Szczepanski, Maciej Gac, Radomir Szewczuk, Marlena Skowronska, Mateusz Zdrada, Tomasz Przybylski, and Klaudia Pacocha.