M&A Deal Summary

FondElec Capital Advisors Acquires Slovanet a.s.

On January 1, 2006, FondElec Capital Advisors LLC acquired communications company Slovanet, a.s. from Genesis Capital SRO and Advent International

Acquisition Highlights
  • This is FondElec Capital Advisors’ 1st transaction in the Communications sector.
  • This is FondElec Capital Advisors’ 1st transaction in Slovakia.

M&A Deal Summary

Date 2006-01-01
Target Slovanet, a.s.
Sector Communications
Buyer(s) FondElec Capital Advisors LLC
Sellers(s) Genesis Capital SRO
Advent International
Deal Type Secondary Buyout

Target

Slovanet, a.s.

Bratislava, Slovakia
website
Slovanet Provider of comprehensive communication systems for businesses and homes; internet service provider.

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Buyer(S) 1

Buyer

FondElec Capital Advisors LLC

Stamford, Connecticut, United States


Category Private Equity Firm
SizeSmall
Type Sector Agnostic
DESCRIPTION

FondElec Capital Advisors is an investment and advisory firm that provides investment banking services and manages private equity funds through its fund management affiliates. FondElec targets investments in energy, communications and technology companies. FondElec's funds include the Latin America Energy and Electricity Fund and the FondElec Essential Services Growth Fund. FondElec is based in Stamford, Connecticut.


DEAL STATS #
Overall 3 of 3
Sector (Communications) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Slovakia) 1 of 1
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-27 Cataguazes S.A.

Brazil

Cataguazes is a Brazilian energy company whose concession territories cover 200 municipalities in the Zona da Mata region of the State of Minas Gerais in Brazil. The company has more than 680,000 customers.

Buy -

Seller(S) 2

SELLER

Genesis Capital SRO

Prague, Czech Republic

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 170M EUR
SizeSmall
Type Sector Agnostic
DESCRIPTION

Genesis Capital SRO is a private equity firm specializing in buyouts (MBOs, MBIs, LBO) and growth capital investments in small and mid-sized enterprises throughout the Czech Republic and Slovakia. Genesis looks to commit €2 to €9 million of equity per transaction (more with co-investors). Genesis generally targets proven businesses with growth potential and strong management. Areas of interest includes processing industry products, commercial services, energy, technology, specialized chemicals, construction materials, healthcare, leisure, selected security equipment and specialty retail. Genesis will not invest in real estate, firearms, gambling, adult entertainment, tobacco or alcohol. Genesis Capital SRO was formed in 1999 and is based in Czech Republic.


DEAL STATS #
Overall 7 of 19
Sector (Communications) 3 of 3
Type (Secondary Buyout) 1 of 2
Country (Slovakia) 2 of 2
Year (2006) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 CCS Česká společnost pro platební karty s.r.o.

Prague, Czech Republic

Czech Society for CCS credit card sro in the Czech market steadily since 1991. The core services of CCS is the issuance and administration of company fuel cards (both current and prepaid), through which clients can conveniently draw fuel in the broadest distribution network of petrol stations in the CR and SR.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-01 Energetické strojírny Brno a.s.

Brno, Czech Republic

Energetické strojírny Brno, a.s. Repair and maintenance of energy systems; manufacturing switchboards. Servicing, inspection and repair of transformers, electric motors, generators. Corrections and revisions of low and high voltage electric motors of domestic and foreign manufacturers in thermal class "F".

Buy -
SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 and $2000 billion and can commit up to $5 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 66 of 195
Sector (Communications) 14 of 16
Type (Secondary Buyout) 12 of 51
Country (Slovakia) 1 of 1
Year (2006) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 AXTONE Sp. z o.o.

Kanczuga, Poland

AXTONE Sp. z o.o. is a manufacturer of buffers and draw-gear devices for all types of rail vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-02 International Meal Company Holdings, S.A.

São Paulo, Brazil

International Meal Company is a multi-brand, quick casual restaurant chain in Latin America. IMC currently has over 10,000 employees located in several segments, including shopping malls, commercial centers, highways, hospitals, airports, and catering. International Meal Company was founded in 2006 and is based in São Paulo, Brazil.

Buy -