MidEuropa Takes 30% Stake in M+ Group through CMC Merger

January 27, 2020

MidEuropa agreed to acquire a 30% equity stake in the combined M+ Group by merging its portfolio company CMC Iletisim ve Cagri Merkezi Hizmetleri A.Ş. (CMC) with Meritus Upravljanje d.o.o. (M+ Group). The transaction will create a leading contact centre and BPO provider in South Eastern Europe with more than 7,000 employees, ~220 clients across 58 countries and expected annual revenue in excess of EUR 65 million. The deal is expected to complete by the end of January 2020.

Buyers
MidEuropa, CMC Iletisim ve Cagri Merkezi Hizmetleri A.Ş. (CMC)
Targets
M+ Group (Meritus Upravljanje d.o.o.)
Sellers
Meritus ulaganja d.d.
Platforms
CMC Iletisim ve Cagri Merkezi Hizmetleri A.Ş. (CMC)
Location
Croatia
Transaction Type
Growth capital

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