WARSAW, Poland, October 31, 2016 /PRNewswire/ --
Earlier this month Mazovia Capital announced it has agreed terms with Blancco Technology Group plc for the acquisition of Warsaw-based Digital Care Sp. z o.o. for an expected consideration of €4.5 million plus assumed liabilities.
Announcing the transaction, James Simmons, a partner at Mazovia Capital, said "we are extremely pleased to add Digital Care to the Mazovia portfolio. Digital Care is a genuine innovator in device protection services, and has rapidly achieved a commanding position within its home market in Poland. With its highly scalable business model and key strategic alliances in the insurance industry, Digital Care is positioned to become a significant global player, providing attractive returns from a wealth of investment opportunities."
Nicholas Morland, CEO of Digital Care commented "The whole team at Digital Care is delighted to receive the backing of Mazovia Capital, and excited about the opportunities that this transaction creates. Mazovia has recognised the remarkable success Digital Care has already achieved in its first four years, and provides the financial resources the business needs as we continue to grow. Our clients and industry partners are looking to Digital Care for support of their operations around the globe, so obtaining the support of a pro-active investor such as Mazovia has been of paramount importance. With Mazovia's support we plan to enhance operational capacity in our global headquarters in Warsaw, while accelerating international expansion."
About Mazovia Capital
Mazovia Capital is an investment firm specializing in corporate and real estate private equity. Mazovia is an active investor, focused on adding value to its portfolio companies through financial, strategic and operational support.
About Digital Care
Digital Care was established in 2012 as a subsidiary of Regenersis plc, a leading provider of after-market services to companies in the technology and telecommunications industries. In 2016, Regenersis disposed of its non-software assets, including Digital Care, and rebranded as Blancco Technology Group.
Digital Care delivers innovative programs for device insurance and other protection services. The company provides product design, scheme administration and service management to major clients such as mobile network operators, retailers and device manufacturers. Digital Care's strategic business partners include industry-leading brokers and insurers with worldwide operations and global underwriting capacity.
SOURCE Digital Care