Company story

2006

GPEF acquired a 56% share of Etarget

GPEF acquired a 56% share of Etarget, a company present on the Slovak, Czech, and Hungarian markets.

GPEF acquired the shares of several minority shareholders

As part of the transaction, GPEF acquired the shares of several minority shareholders to concentrate 44% ownership with the two founding managers. Additional capital was reserved for the company's further development. The investment plan is based on strong growth stemming from gaining more advertisers, extended cooperation with several internet portals, and expansion on the neighboring markets.

Etarget commences operations in Romania

Etarget commences operations in Romania.

2007

Etarget commences operations in Bulgaria

Etarget commences operations in Bulgaria and plans market entry on several other markets.

GPEF exits the company after 18 months

GPEF exits the company after 18 months by sellng its share to a strategic investor - a regional e-commerce group.

The ETARGET investment resulted in 4.9 cost multiple and 170% IRR

The ETARGET investment resulted in 4.9 cost multiple and 170% IRR.

Sales (in CZK mil)

period 2005 - 2007

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