M&A Deal Summary

Bite Latvija Acquires Baltcom TV SIA

On October 1, 2019, Bite Latvija acquired communications company Baltcom TV SIA from Ardian and Resource Partners

Acquisition Highlights
  • This is Bite Latvija’s 1st transaction in the Communications sector.
  • This is Bite Latvija’s 1st transaction in Latvia.

M&A Deal Summary
Date 2019-10-01
Target Baltcom TV SIA
Sector Communications
Buyer(s) Bite Latvija
Sellers(s) Ardian
Resource Partners
Deal Type Add-on Acquisition

Target

Baltcom TV SIA

Riga, Latvia
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.

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Buyer(S) 1

Buyer

Bite Latvija

Riga, Latvia
Category Company
Sector Communications
DESCRIPTION

Bite Latvija is a mobile communications operator, based in Riga, Latvia.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Latvia) 1 of 1
Year (2019) 1 of 1

Seller(S) 2

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 172 of 222
Sector (Communications) 9 of 9
Type (Add-on Acquisition) 44 of 52
Country (Latvia) 1 of 1
Year (2019) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Externis

Paris, France

Externis is a provider of global management of promotional marketing for major consumer companies. It offers the first web On Demand software platform (eCos) for point-of-sale advertising management. Externis was founded in 2001 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 Saal Digital

Röttenbach, Germany

Saal Digital is an online platform for high-end photo products in Europe. These include photo books with special lay-flat bindings, wall prints on aluminum Dibond or under acrylic glass, and photo prints. While a wide range of customizable templates is available for retail customers, Saal Digital has a particularly large clientele among professional photographers, media designers, and graphic designers as well as photo enthusiasts. Saal Digital was founded in 1986 and is based in Röttenbach, Germany.

Buy -
SELLER

Resource Partners

Warsaw, Poland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resource Partners is a private equity firm focused on a variety of opportunities throughout Central and Eastern Europe. The Firm looks to invest at least €5 million to support expansion needs or fund management buyouts/buy-ins. Resource Partners will consider majority or minority positions and does not have any sector preferences. Characteristics of the businesses it purses include motivated management, opportunities for consolidation, corporate orphans, and strong positions in growing markets. Resource Partners was formed in 2009 and is based in Warsaw, Poland.

DEAL STATS #
Overall 5 of 10
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 3 of 8
Country (Latvia) 1 of 1
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-19 Centrum Medyczne MAVIT Sp. z o.o.

Warsaw, Poland

Centrum Medyczne MAVIT Sp. z o.o. is a specialized clinic (ophthalmology, laryngology and maxillo-facial surgery) with 2 locations in Warsaw and 1 location in Katowice. MAVIT offers laryngological and maxillofacial surgery wards and Warsaw hospital was expanded and upgraded. Centrum Medyczne MAVIT Sp. z o.o. was founded in 2000 and is based in Warsaw, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Maced

Polanow, Poland

Maced is a producer and distributor of natural dog treats. The company offers its products under the Maced and Dogway brands, as well as under its own brands of food and specialized zoological networks in Poland and abroad. Maced was founded in 1993 and is based in Polanow, Poland.

Buy -
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