BUDAPEST, October 14 /PRNewswire/ -- iEurope Fund LLC announced that it recently sold its shares in ATech elektronika d.o.o., a designer and manufacturer of proprietary electronics assemblies located in Materija, Slovenia. The transaction generated a gross IRR of approximately 18% and a gross cash-on-cash return of over 2.3 times for iEurope Fund LLC.
"iEurope has an excellent track record for finding investment opportunities in Central Eastern Europe," said Kristina Perkin Davison, Co-Founder and Partner of iEurope Capital LLC. iEurope also recently sold Vatera.hu, Hungary's leading online marketplace, to a subsidiary of Naspers Limited. The deal is Hungary's largest Internet company sale to date.