MidEuropa has entered into an agreement to acquire a majority stake in GWD Concept Sp z o.o., the parent company of Displate, a leading online marketplace for metal prints, with the transaction expected to close in Q4 2020.

Target Company Overview

MidEuropa, a prominent private equity firm in Central and Eastern Europe, has announced its agreement to acquire a majority stake in GWD Concept Sp z o.o. The stake is being acquired from the Founders, Credo Ventures, and Miton Capital, with the transaction expected to finalize in Q4 2020. GWD Concept operates Displate, an innovative online marketplace specializing in metal prints that connects visual creators with a vast customer base.

Founded in 2013 by Karol Banaszkiewicz, Edward Ruszczyc, and Jacek Swigost, Displate has established itself as a leader in the online marketplace for metal prints. The platform features over 1.4 million artist-generated designs and caters to more than 40,000 creators and 30 licensed brands across various verticals, including gaming, movies, anime, music, travel, and sports. With its rapid growth, the company has seen its revenues increase more than five-fold in the last two years.

Industry Overview in Poland

The e-commerce industry in Poland has been experiencing significant growth, driven by increased internet penetration and a shift in consumer purchasing behavior towards online platforms. As of 2023, the Polish e-commerce market is