Investment Summary

Exits Versatel AG

On April 27, 2007, invested in communications company Versatel AG from Apax and Cyrte Investments

Investment Highlights
  • This is transaction in the Communications sector.
  • This is transaction in Germany.
Investment Fate
  • Versatel AG was sold to a financial buyer in 2011 for 560M EUR.
  • Versatel AG was sold to a publicly-traded strategic buyer in 2014 for 769M USD.

Investment Summary
Date 2007-04-27
Target Versatel AG
Sector Communications
Sellers(s) Apax
Cyrte Investments
Deal Type IPO

Target

Versatel AG

Berlin, Germany
website
Versatel AG is a provider of infrastructure based telecommunications services in the German market.

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Seller(S) 2

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.

DEAL STATS #
Overall 26 of 162
Sector (Communications) 4 of 10
Type (IPO) 7 of 25
Country (Germany) 3 of 10
Year (2007) 10 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-27 SULO Group

Australia

SULO was the second largest waste collection service provider in Germany.

Sell €1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-06 Vueling Airlines SA

Barcelona, Spain

Vueling Airlines SA is a Spanish passenger airline serving Europe.

Sell -
SELLER

Cyrte Investments

Amsterdam, Netherlands

website

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Cyrte Private Equity is the private equity group of Dutch investment firm Cyrte Investments. Cyrte PE invests in the UK, US, and Western Europe and targets businesses in a state of change. Cyrte generally seeks businesses valued between €50 and €300 million. Sectors of interest include media, entertainment, telecommunication, and technology. The Group will consider a variety of transaction situations including sales of family-owned businesses, divestments of non-core businesses, take privates, and management teams looking for a financial partner. Cyrte Private Equity was established in 2000 and is based in Amsterdam.

DEAL STATS #
Overall 1 of 3
Sector (Communications) 1 of 1
Type (IPO) 1 of 1
Country (Germany) 1 of 1
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-18 Versatel AG

Berlin, Germany

Versatel AG is a provider of infrastructure based telecommunications services in the German market.

Buy €565M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-14 Endemol UK

London, United Kingdom

Endemol UK Ltd. is an independent television and digital production company in the world. It comprises a global network of more than 80 companies in 31 countries including the USA, the UK, Spain, Italy, France, Germany and the Netherlands, as well as Latin America, India, South Africa and Australia.

Buy $3.4B
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