intive receives investment from Mid Europa

Mid Europa Partners (“Mid Europa”), the leading private equity investor in Central and Eastern Europe, announced today that it has entered into an agreement to acquire intive S.A. ("intive") from Enterprise Investors. The transaction is subject to customary competition clearance and is expected to close in Q1 2019.

The new investor will allow intive to pursue its growth ambitions in Europe and globally, and continue the path of successful investments such as German iNTENCE and Argentinian intive-FDV in 2017. Ludovic Gaudé, CEO of intive said: "Mid Europa has a long and successful track record of supporting high growth companies and driving industry consolidation. I am pleased to welcome them as a strong partner for the next phase of intive's development.”

Kerim Turkmen, Partner of Mid Europa said: “We are excited to be teaming up with intive's management team and have been particularly impressed by the Company's highly-skilled workforce and their ability to develop best-in-class software and digital applications for leading companies worldwide. Combined with a strong reputation and a unique geographical delivery footprint, intive is well-positioned to continue benefiting from the accelerating digital transformation trend driving the demand for software engineering and design services."

About intive

With more than 1,600 highly skilled specialists, intive helps its customers turn ideas into digital reality. With a challenging, curious and agile mindset, intive co-creates exceptional software solutions that help its clients to accelerate their own digital transformation. intive adds value along the whole application life-cycle – from the idea of a product to its maintenance. The company’s operations are headquartered in Munich, with 15 development centers in Germany, Poland, the UK, the USA and Argentina, as well as regional offices in France, Spain and Sweden. intive is a trusted partner for marquee companies such as Audi, BMW, Credit Suisse, Deutsche Telekom, Esprit, ING, Microsoft, Viacom, Vodafone, Volkswagen and Vorwerk.

About Mid Europa

Mid Europa is a leading buyout investor, focused on the growth markets of Central and Eastern Europe with approximately €4.6 billion of funds raised and managed since inception. Established in 1999, Mid Europa has pioneered private equity in the region with offices in Budapest, Istanbul, London and Warsaw.  Mid Europa has also established a fund administration company in Guernsey (www.mideuropafm.com). The Mid Europa team became independent in 2005 and the Firm is 100% owned by its Partners. The team, originating almost exclusively from the region, combines strong local investment and operational experience with the best Western European practices in terms of due diligence, deal structuring and financing, and value creation capabilities. Mid Europa has applied a pan-regional approach since inception and acquires market leading companies, principally in domestic-focused growth industries, in the region's mid-market. To date, Mid Europa has completed 38 investments across 18 countries, including landmark transactions and notable financings in the region.


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