M&A Deal Summary

Sandberg Capital Acquires BENESTRA s. r. o.

On May 29, 2016, private equity firm Sandberg Capital acquired communications company BENESTRA s. r. o. from M/C Partners and Innova Capital for 100M EUR

Acquisition Highlights
  • This is Sandberg Capital’s 1st transaction in the Communications sector.
  • This is Sandberg Capital’s 0th largest (disclosed) transaction.
  • This is Sandberg Capital’s 1st transaction in Slovakia.

M&A Deal Summary

Date 2016-05-29
Target BENESTRA s. r. o.
Sector Communications
Buyer(s) Sandberg Capital
Sellers(s) M/C Partners
Innova Capital
Deal Type Secondary Buyout
Deal Value 100M EUR
Advisor(s) Rothschild Global Advisory (Financial)
Orrick (Legal)

Target

BENESTRA s. r. o.

Bratislava, Slovakia
website
BENESTRA, s. r. o. is a Slovakian alternative telecom provider focused on the corporate market segment. Company operates a portfolio of voice and data communication solutions, internet connectivity, data centers, and hosting services on both physical and virtual cloud platforms. The company is based in Bratislava, Slovakia.

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Buyer(S) 1

DESCRIPTION

Sandberg Capital is a private equity firm focused on acquiring and investing in growth-oriented Slovakian companies. Sandberg Capital focuses on small to mid-sized companies and does not have any sector preferences. Sandberg Capital was formed in 2013 and is headquartered in Bratislava.


DEAL STATS #
Overall 2 of 3
Sector (Communications) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Slovakia) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-05 Solitea a. s.

Brno, Czech Republic

Solitea, a. s. are a group of successful IT companies from Central Europe. Company cover 100% of a company’s needs. Management efficiency is ensured by robust ERP information systems and human resources management is speeded up by tools for HR management and complex payroll outsourcing. Company develop one of the most wide-spread accounting programs in the Czech Republic and Slovakia

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 Revolgy Business Solutions s.r.o.

Prague, Czech Republic

Revolgy is a provider of digital transformation services through cloud infrastructure and online communication tools in the B2B segment. The company offers a comprehensive implementation service from system architecture design through change management, data migration, training to tailor-made cloud application development. Revolgy was formed in 1996 and is based in Prague, Czech Republic.

Buy -

Seller(S) 2

SELLER

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $5 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.


DEAL STATS #
Overall 22 of 31
Sector (Communications) 16 of 20
Type (Secondary Buyout) 3 of 6
Country (Slovakia) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 Melita

Mriehel By-Pass, Malta

Melita is a provider of high-speed broadband and mobile services as well as a premium TV to households and businesses connected to its state-of-the-art telecom network in Malta. It owns and operates a fully invested, over 1,600km long HFC network as well as a 5G-ready mobile network with its own tower and small cell footprint. Melita was founded in 1991 and is based in Mriehel By-Pass, Malta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 AccentHealth

Tampa, Florida, United States

AccentHealth LLC is a patient-education media company at the point of care, with a mission to inspire patients to live healthier lives. AccentHealth's Patient Engagement Platform combines innovative, award-winning digital products including the waiting room television network, interactive tablets for the exam room and mobile touchpoints. AccentHealth's world class content is produced by CNN's Medical Unit, hosted by Dr. Sanjay Gupta, and by Harvard Medical School

Sell -
SELLER

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.


DEAL STATS #
Overall 23 of 27
Sector (Communications) 7 of 7
Type (Secondary Buyout) 6 of 6
Country (Slovakia) 2 of 2
Year (2016) 3 of 3
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-12 Marmite Sp. z o.o.

Zakrzewo, Poland

Marmite Sp. z o.o. is a manufacturer of washbasins, shower trays, and bathtubs made of cast marble. The company brings together natural mineral materials, sophisticated technology and develops efficient cast marble innovations. Marmite was established in 1978 and is based in Zakrzewo, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-04 Polskie ePłatności S.A.

Warszawa, Poland

Polish ePayment company involved in processing cashless payment and delivery of innovative business services, providing support for payment transactions using payment cards and performing other services through POS terminals.

Buy -