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Investment Summary

7L Capital Partners Exits VeratNet

On December 19, 2011, VelaTel Global Communications invested in communications company VeratNet from 7L Capital Partners

Investment Highlights
  • This is VelaTel Global Communications’ 1st transaction in the Communications sector.
  • This is VelaTel Global Communications’ 1st transaction in Serbia.

Investment Summary
Date 2011-12-19
Target VeratNet
Sector Communications
Investor(s) VelaTel Global Communications
Sellers(s) 7L Capital Partners
Deal Type Add-on Acquisition

Target

VeratNet

Beograd, Serbia
Verat is a telecommunications operator and internet service provider in Serbia and offers a full range of telecommunication services, including ADSL broadband service nationwide and wireless broadband access (WBA) in three cities where it holds radio frequency licenses, including Belgrade. VeratNet is based in Beograd, Serbia.

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Investor(S) 1

Investor

VelaTel Global Communications

Carlsbad, California, United States
Category Company
Sector Communications
DESCRIPTION

VelaTel Global Communications, Inc. is a provider of capital, engineering, architectural and construction services related to the build-out of wireless broadband telecommunications networks, which it then operates by offering services attractive to residential, enterprise and government subscribers.

DEAL STATS #
Overall 2 of 3
Sector: Communications M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Serbia M&A 1 of 1
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-09 NoviNet

Cakovec, Croatia

NoviNet is an internet service provider that provides broadband services. NoviNet is based in Cakovec, Croatia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-11 China Motion Telecom

China

China Motion Telecom (HK) Ltd. is a provider of mobile wireless network services to retail customers using its own billing support systems, customer service and sales personnel.

Buy $6M

Seller(S) 1

SELLER

7L Capital Partners

Athens, Greece

Investor

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

7L Capital Partners is a private equity group focused on high growth businesses that can take advantage of the emerging needs of Eastern Europe. 7L specifically targets the areas of branded goods and services, communications, and technology/applications where there may be a new or innovative product, technology or service, which can better satisfy local market needs. The Group's geographic preference is for opportunities in Greece, Turkey, Cyprus, Romania, Bulgaria and the republics of former Yugoslavia. 7L Capital was formed in 2003 and is based in Athens, Greece.

DEAL STATS #
Overall 2 of 4
Sector: Communications M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Serbia M&A 1 of 2
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-09 NoviNet

Cakovec, Croatia

NoviNet is an internet service provider that provides broadband services. NoviNet is based in Cakovec, Croatia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-15 BeotelNet

Belgrade, Serbia

BeotelNet is a provider of internet services. BeotelNet provides the possibility of a high-quality connection to the Internet, at a speed of up to 1 Gb/s with a permanent connection, optical and wireless, as well as via xDSL. BeotelNet was founded in 1996 and is based in Belgrade, Serbia.

Sell €5M
Mergr

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