M&A Deal Summary

CEE Equity Partners Acquires Invitel

On January 16, 2017, private equity firm CEE Equity Partners acquired communications company Invitel from Mid Europa Partners and ATP Private Equity Partners

Acquisition Highlights
  • This is CEE Equity Partners’ 2nd transaction in the Communications sector.
  • This is CEE Equity Partners’ 1st transaction in Hungary.

M&A Deal Summary

Date 2017-01-16
Target Invitel
Sector Communications
Buyer(s) CEE Equity Partners
Sellers(s) Mid Europa Partners
ATP Private Equity Partners
Deal Type Secondary Buyout

Target

Invitel

Budaörs, Hungary
Invitel is an alternative telecommunication service provider, Invitel offers a wide range of info-communication solutions in the whole territory of the country. Invitel was founded in 1992 and is based in Budaors, Hungary.

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Buyer(S) 1

Buyer

CEE Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CEE Equity Partners is a private investment firm focused on investing in a variety of investments in Central and Eastern Europe. Sectors of interest include renewable energy, energy efficiency, healthcare, manufacturing, infrastructure, and transportation. CEE Equity Partners was formed in 2013 and is based in Nicosia, Cyprus.


DEAL STATS #
Overall 4 of 10
Sector: Communications M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 3
Country: Hungary M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-22 Energy 21

Prague, Czech Republic

Energy 21 develop, acquire, construct, and operate renewable power plants. Energy 21 believe that their integrated approach can deliver and ensure a safe, reliable, and sustainable supply of green electricity to customers. Energy 21 was founded in 2007 and is based in Prague, Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Flash Lighting Services

Bucharest, Romania

Flash Lighting Services engages in design, construction and management of smart lighting systems. The company provides public space, festive and architectural lighting solutions to municipalities in Romania. Flash Lighting Services was founded in 2001 and is based in Bucharest, Romania.

Buy -

Seller(S) 2

SELLER

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Mid Europa Partners is a private equity firm focused on investing in Central and Eastern Europe. Mid Europa prefers control based investments in market leading companies operating in industries with high barriers to entry. Sectors of interest include telecom, media, utilities, transportation, natural resources, industrial, healthcare, building materials, manufacturing, and agriculture. The Firm looks to commit €50 to €300 million of equity capital per transaction in businesses valued up to €500 million. Prospective transaction types include buyouts, take-privates, divestitures, turnarounds, and large scale expansions. Mid Europa Partners is the successor entity to EMP Europe Ltd, which was formed in 1999. Mid Europa has offices in Budapest, Warsaw, and London.


DEAL STATS #
Overall 17 of 31
Sector: Communications M&A 7 of 7
Type: Secondary Buyout M&A Deals 6 of 7
Country: Hungary M&A 2 of 3
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-23 Profi

Timisoara, Romania

Profi is a supermarket chain in Romania, operating 65 stores in 47 Romanian cities. Profi is the modern retail network with the largest geographical expansion in Romania. Profi was founded in 2000 and is based in Timisoara, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Alpha medical a.s.

Martin, Slovakia

Alpha medical a.s. is a provider of routine and specialised tests, mainly in the areas of biochemistry, microbiology, pathology and genetics, and operates a fully integrated procurement and workflow system.

Sell -
SELLER

ATP Private Equity Partners


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 14 of 34
Sector: Communications M&A 3 of 3
Type: Secondary Buyout M&A Deals 4 of 12
Country: Hungary M&A 1 of 1
Year: 2017 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Kerneos Neuilly

Cedex, France

Kerneos company offers calcium aluminates for the building chemistry and refractories industries. Based in Paris, France, Kerneos has 1.200 employees and 10 production sites located in France, the UK, China, the US, Brazil, and South Africa. The company strives to develop high value-­‐added products intended for its clients' new solutions and to regularly widen its product range, whilst constantly improving the reliability of its manufacturing processes and products. Kerneos sells its products in more than 100 countries, and has expanded its foothold into emerging markets, which now account for close to one-third of its total revenues.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Safway Services

Waukesha, Wisconsin, United States

Safway Services LLC is a provider of scaffolding services and access solutions in North America for the industrial and commercial construction markets. The Company provides a comprehensive portfolio of services, including the design, engineering, erection, dismantling, rental and sale of scaffolding throughout the U.S. and Canada. In the industrial market, the Company services multiple end-markets, including refining, power generation, Canadian Oil Sands, chemical and pulp & paper.

Sell -