M&A Deal Summary

Baltcom TV SIA Acquires SIA IZZI

On September 11, 2013, Baltcom TV SIA acquired communications company SIA IZZI from Argus Capital Partners and Syntaxis Capital

Acquisition Highlights
  • This is Baltcom TV SIA’s 1st transaction in the Communications sector.
  • This is Baltcom TV SIA’s 1st transaction in Latvia.

M&A Deal Summary

Date 2013-09-11
Target SIA IZZI
Sector Communications
Buyer(s) Baltcom TV SIA
Sellers(s) Argus Capital Partners
Syntaxis Capital
Deal Type Add-on Acquisition

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) 1

Buyer

Baltcom TV SIA

Riga, Latvia

Category Company
Founded 1991
Sector Communications
DESCRIPTION

Baltcom TV SIA is a cable television operator, offers broadband internet, landline and mobile telephony services in 15 cities, but focuses on Riga and its surroundings. Baltcom has a technologically advanced new generation network (NGN), based on which it provides broadband internet and digital television offering the HD standard. Baltcom was established in 1991 and is based in Riga, Latvia.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Latvia M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 2

SELLER

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 6 of 8
Sector: Communications M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 5
Country: Latvia M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-04 POLOmarket Sp. z o.o. - Market-Detal

Pakość, Poland

Market-Detal (€œPMD€) is leading Polish supermarket chain operating over 140 supermarkets across Poland under the POLOmarket brandname. PMD stores have an average selling area of between 400-500 sqm and carry ca. 6,500 stock keeping units (food and non-food). PMD, which is run by independent professionals, is an exceptionally well organized and well managed company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Calucem

Mannheim, Germany

Calucem is a provider of calcium aluminate cement, supplying high-quality and specialty cement to both the refractory and building chemistry industries. The company's products include low and medium-grade alumina cement and clinker. Calucem was founded in 1925 and is based in Mannheim, Germany.

Sell -
SELLER

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 2 of 10
Sector: Communications M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 7
Country: Latvia M&A 1 of 1
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Punkta Brokers

Gdansk, Poland

Punkta Brokers is an end-to-end insurance platform facilitating motor insurance. Punkta connects end users, predominantly from the SME / corporate sector, to the motor insurance market with a focus on sourcing the best pricing and protection. The offering is underpinned by Punkta's unique platform, which has capabilities across the insurance cycle, incorporating in-life claims, policy, and vehicle repair management. Punkta Brokers was founded in 1999 and is based in Gdansk, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 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.

Sell €546M