Mid Europa Partners completed the acquisition of the Polish unit of The Sage Group for £66m.

Mid Europa Partners, an independent private equity player in Central and Eastern Europe, completed the acquisition of the Polish unit of The Sage Group, a British multinational enterprise software company, for £66m ($88m). "We are delighted to be backing Symfonia, a leading provider of business-critical software to SMEs. The Company already enjoys exceptional brand recognition in Poland while its market leading product portfolio offers highly functional, reliable and modular software solutions. We are excited to support the Symfonia team in the execution of future strategic initiatives, including new product development and the expansion of its cloud offering. The Symfonia acquisition builds on Mid Europa's proven track record of investing in CEE-rooted champions in the growth sectors of digital, technology, online and B2B software. It adds to our existing investments in intive, and Allegro as well as the recent acquisition of Displate," Kerim Turkmen, Mid Europa Partner.