M&A Deal Summary

Argus Capital Partners and Syntaxis Capital Acquire SIA IZZI

On August 4, 2008, private equity firm Argus Capital Partners and mezzanine finance firm Syntaxis Capital acquired communications company SIA IZZI

Acquisition Highlights
  • This is Argus Capital Partners’ 2nd and Syntaxis Capital’s 2nd transaction in the Communications sector.
  • This is Argus Capital Partners’ 1st and Syntaxis Capital’s 1st transaction in Latvia.
Investment Fate
  • SIA IZZI was sold to a strategic buyer in 2013.

M&A Deal Summary

Date 2008-08-04
Target SIA IZZI
Sector Communications
Buyer(s) Argus Capital Partners
Syntaxis Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

SIA IZZI

Riga, Latvia
SIA IZZI is a provider of communication services including internet, mobile and fixed-line telephony.

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Buyer(S) 2

Buyer

Argus Capital Partners

London, United Kingdom

Category Private Equity Firm
Founded 1998
PE ASSETS 433M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ARGUS Capital Partners is a private equity firm focused on investing throughout Central and Eastern Europe, including Albania, Bosnia & Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, and Turkey. ARGUS does not have any industry preferences and can support a variety of transaction situations. Prospective transaction types include buyouts, growth capital financings, and industry consolidations. The Firm's target investment size is €10 to €40 million. ARGUS Capital was formed in 1998 and is based in London.


DEAL STATS #
Overall 7 of 13
Sector: Communications M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 7
Country: Latvia M&A 1 of 1
Year: 2008 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 RIO Media

Prague 9 - Liben, Czech Republic

Rio Media as one of the top three providers of electronic communications services in the Czech Republic. As the legal successor, Antena 2H + B, CL - NET FCA MATTES AD and metropolitan network realizes Olomouc Rio Media and annually massive investment in reconstruction and upgrading of transmission networks and taken its customers with digital services of the highest quality. Since 2008, when the company was founded, has tested 115,000 customers, a high-quality digital television, fast and secure connection to the Internet and cost-effective voice services, and the Rio Media is definitely worthwhile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-18 Big Red

Austin, Texas, United States

Big Red, Inc. is one of the top 10 beverage companies in North America with a history dating back to 1937. Along with Big Red, recognized as the number-one selling red soda, Big Red, Inc. also markets beverage brands Diet Big Red, Big Red Vanilla Float, Big Peach, Big Pineapple, Big Punch, NuGrape, and Nesbitt's products.

Buy -
Buyer

Syntaxis Capital

Vienna, Austria

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Syntaxis Capital is a private debt investor dedicated to providing long term capital to fast-growing medium-sized companies in Central Europe. It looks to invests in companies with an enterprise value of €50 - €300 million. Types of transactions include buyouts, growth capital, and consolidations. Syntaxis Capital was formed in 2006 and is based in Vienna, Austria with additional office in Warsaw, Guernsey.


DEAL STATS #
Overall 6 of 17
Sector: Communications M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 6
Country: Latvia M&A 1 of 1
Year: 2008 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-06 GTS Central Europe

Warszawa, Poland

GTS Central Europe is a provider of integrated telecommunications services in Central and Eastern Europe. The company has extensive network and data center infrastructure, as well as a strong portfolio of services focused on business customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-11 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 -