Acquisition History / Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek) / ICEA
Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek) Acquires ICEA
Announced October 9, 2025 — PLN 36.3M (EUR8.5M) in revenues, with EBITDA reaching PLN 11.2M (EUR2.6M)
What happened
Polish search fund Lynx Trail Capital acquired 100% of ICEA, Poland's leading SEO/SEM agency, serving over 1,000 e-commerce clients with more than 100 specialists. The selling shareholders remained as investors in the new structure.
- Target
- ICEA
- Announced
- October 9, 2025
- Price
- PLN 36.3M (EUR8.5M) in revenues, with EBITDA reaching PLN 11.2M (EUR2.6M)
- Industry
- SEO/SEM digital marketing agency
- Buyer type
- Search fund
- Fund vehicle
- Lynx Trail Capital
- Backing investors
- Legacy Partners, Heritage Holdings Search Partners, Amarant Capital Family Office, Edge Partners, Constance Gachowski, Claus von Loeper, Joern Schmidt-Staade, Hanan Hallal, Matthew Liebers, Marek Dietl, Michal Lapkowski
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek) acquire ICEA?
Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek) acquired ICEA on October 9, 2025. This was Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek)'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek) pay for ICEA?
Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek) paid PLN 36.3M (EUR8.5M) in revenues, with EBITDA reaching PLN 11.2M (EUR2.6M) for ICEA.
What does ICEA do?
Polish search fund Lynx Trail Capital acquired 100% of ICEA, Poland's leading SEO/SEM agency, serving over 1,000 e-commerce clients with more than 100 specialists. The selling shareholders remained as investors in the new structure.
What other SEO/SEM digital marketing agency companies has Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek) acquired?
ICEA is Lynx Trail Capital (Michal Lukasz Kaminski and Constantin Marek)'s only publicly tracked acquisition in SEO/SEM digital marketing agency so far.