M&A Deal Summary

Wind Telecom Acquires Tim Hellas Telecommunications S.A

On February 7, 2007, Wind Telecom acquired communications company Tim Hellas Telecommunications S.A from Crescent Capital Group, TPG and Apax for 3.4B EUR

Acquisition Highlights
  • This is Wind Telecom’s 1st transaction in the Communications sector.
  • This is Wind Telecom’s 0th largest (disclosed) transaction.
  • This is Wind Telecom’s 1st transaction in Greece.

M&A Deal Summary
Date 2007-02-07
Target Tim Hellas Telecommunications S.A
Sector Communications
Buyer(s) Wind Telecom
Sellers(s) Crescent Capital Group
TPG
Apax
Deal Type Add-on Acquisition
Deal Value 3.4B EUR

Target

Tim Hellas Telecommunications S.A

Maroussi, Greece
Tim Hellas Telecommunications S.A provides mobile telecommunications services in Greece.

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Buyer(S) 1

Buyer

Wind Telecom

Rome, Italy
Category Company
Sector Communications
DESCRIPTION

WIND TELECOM S.p.A.(formerly Weather Investments S.p.A.)is an international telecommunications company offering mobile, fixed, internet and international communication services.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Greece) 1 of 1
Year (2007) 1 of 1

Seller(S) 3

SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.

DEAL STATS #
Overall 15 of 47
Sector (Communications) 1 of 3
Type (Add-on Acquisition) 7 of 19
Country (Greece) 1 of 1
Year (2007) 2 of 5
Size (of disclosed) 3 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-25 BrightView

Blue Bell, Maryland, United States

BrightView is a provider of commercial landscaper, designs, creates, and maintains the landscapes on earth and provides comprehensive snow and ice removal services. BrightView was founded in 1939 and is based in Blue Bell, Maryland.

Buy $847M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-09 TravelCenters of America

Westlake, Ohio, United States

TravelCenters of America is a full-service travel center network operating TA, Petro Stopping Centers, and TA Express brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists. It operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet and Country Pride. TravelCenters of America was founded in 1972 and is based in Westlake, Ohio.

Sell -
SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 40 of 267
Sector (Communications) 5 of 14
Type (Add-on Acquisition) 15 of 94
Country (Greece) 1 of 1
Year (2007) 1 of 10
Size (of disclosed) 14 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 Shriram City

Chennai, India

Shriram City is a Non-Banking Financial Company (NBFC) and is a part of Shriram Group. Shriram City is providing specialized services in retail & Micro Small & Medium Enterprise (MSME) lending. Shriram City was formed in 1986 and is based in Chennai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-08 Covi Technologies

Austin, Texas, United States

Covi Technologies was an Austin-based developer of high-definition video surveillance systems.

Sell -
SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B 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 19 of 171
Sector (Communications) 2 of 10
Type (Add-on Acquisition) 7 of 59
Country (Greece) 1 of 1
Year (2007) 3 of 17
Size (of disclosed) 6 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-26 Molnlycke Health Care

Gothenburg, Sweden

Mölnlycke Health Care Group ("MHCG") is a medical products company which manufactures and markets single-use wound care and surgical products for the professional health care sector. Molnlycke Health Care was founded in 1849 and is based in Gothenburg, Sweden.

Sell €2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-22 CBR Fashion Group

Isernhagen, Germany

CBR Fashion Group is a women’s fashion manufacturer. With a broad geographical presence and two established brands, Street One and CECIL, CBR is one of the foremost suppliers of women's fashion in Germany, employs over 1,200 people, and is represented in 19 European countries. CBR Fashion Group was formed in 1980 and is based in Isernhagen, Germany.

Sell -
Mergr

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