CVC Capital Partners has acquired Comarch, a major Polish IT firm, in a deal valued at over 2.7 billion PLN, intending to accelerate its international expansion and enhance competitiveness.

Information on the Target

CVC Capital Partners, a prominent investment fund, has acquired Comarch, one of Poland's largest IT companies. This transaction entails the delisting of Comarch from the Warsaw Stock Exchange (WSE). CVC, which previously acquired other notable businesses such as Żabka, received approval from the European Commission for this acquisition. As part of the deal, CVC investors purchased over 64% of Comarch's shares, initially offering a price of 315.40 PLN per share, exceeding the company's previous market value. This offer was later increased to 332.2 PLN, leading to a total valuation of Comarch at just over 2.7 billion PLN.

Industry Overview in Poland

The Polish IT sector has been experiencing robust growth, driven by increasing digital transformation across various industries. Companies are investing heavily in technology to improve efficiencies and customer engagement. Poland's skilled workforce, combined with competitive operational costs, positions it as a leading destination for IT outsourcing and service delivery.

Moreover, the demand for software development, cloud services, and cybersecurity solutions continues to rise. Polish IT firms are not only servicing domestic clients but are also expanding thei