M&A Deal Summary

Deutsche Telekom Acquires GTS Central Europe

On November 11, 2013, Deutsche Telekom acquired communications company GTS Central Europe from Syntaxis Capital, Indigo Capital, Innova Capital, M/C Partners and HarbourVest Partners for 546M EUR

Acquisition Highlights
  • This is Deutsche Telekom’s 3rd transaction in the Communications sector.
  • This is Deutsche Telekom’s 2nd largest (disclosed) transaction.
  • This is Deutsche Telekom’s 1st transaction in Poland.

M&A Deal Summary
Date 2013-11-11
Target GTS Central Europe
Sector Communications
Buyer(s) Deutsche Telekom
Sellers(s) Syntaxis Capital
Indigo Capital
Innova Capital
M/C Partners
HarbourVest Partners
Deal Type Add-on Acquisition
Deal Value 546M EUR

Target

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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Deutsche Telekom

Bonn, Germany
Category Company
Founded 1995
Sector Communications
Employees201,251
Revenue 111.3B EUR (2023)
DESCRIPTION

Deutsche Telekom is a German telephone company. Through its three main divisions, T-Com, T-Mobile and T-Systems, Deutsche Telekom offers a range of fixed-line, mobile and Internet access services. Deutsche Telekom was founded in 1995 and is based in Bonn, Germany.

DEAL STATS #
Overall 4 of 7
Sector (Communications) 3 of 4
Type (Add-on Acquisition) 3 of 3
Country (Poland) 1 of 1
Year (2013) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 T-Mobile US

Bellevue, Washington, United States

T-Mobile US is a provider of wireless communications services, including voice, messaging and data to customers in the postpaid, prepaid, and wholesale markets. T-Mobile USA provides services, devices and accessories across its brands, T-Mobile and MetroPCS, through Company owned and operated retail stores, third party distributors and its websites. T-Mobile US was founded in 1994 and is based in Bellevue, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-21 Scout24

Munich, Germany

Scout24 is a proivder of online market places. The six marketplaces of the Scout24 Group - ImmobilienScout24, AutoScout24, FriendScout24, FinanceScout24, JobScout24 and TravelScout24 - are present in 22 countries As a strong partner, Scout supports its customers in important decisions, in particular in the fields of housing, mobility, partnership and finance. Scout24 was founded in 1998 and is based in Munich, Germany.

Sell €2.0B

Seller(S) 5

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 3 of 10
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 3 of 7
Country (Poland) 1 of 7
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-11 SIA IZZI

Riga, Latvia

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

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 Expert Petroleum

Bucharest, Romania

Expert Petroleum is an upstream oil and gas company that redevelops and rehabilitates mature oil and gas fields through direct license ownership or in partnership with companies in need of personnel, expertise, or capital. Expert Petroleum is based in Bucharest, Romania.

Buy -
SELLER

Indigo Capital

London, United Kingdom
Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Indigo Capital is a provider of mezzanine capital to help fund buyouts, corporate acquisitions, expansions, and recapitalizations. Indigo typically invests alongside other private equity firms, however the Firm invests independently as well. Indigo is active throughout Europe and looks to commit €10 to €100 million per transaction. Indigo is sector agnostic and generally backs businesses with 'established market positions, strong, ambitious and incentivized management and attractive growth prospects.' Indigo Capital raised its first fund in 1990. The Firm has offices in London and Paris.

DEAL STATS #
Overall 29 of 41
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 7 of 9
Country (Poland) 1 of 1
Year (2013) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-30 W.E.T. Automotive Systems AG

Odelzhausen, Germany

W.E.T. operates worldwide as a developer, manufacturer and retailer of heating systems, interior equipment and accessories used in automobile seats and other automotive and electronic applications in the automotive industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Carat Security Group

Liege,

The Carat Security Group was formed in February, 2008 as the world's two premier mobile armor manufacturers, Carat Duchatelet and Centigon, combined to form the world's largest commercial armored vehicle provider, operating seven factories worldwide, serving every continent.

Sell -
SELLER

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.

DEAL STATS #
Overall 15 of 30
Sector (Communications) 5 of 7
Type (Add-on Acquisition) 5 of 12
Country (Poland) 10 of 21
Year (2013) 3 of 4
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-10 Provus Bilisim Hizmetleri A.S.

Istanbul, Turkey

Provus was founded in 2001 in order to provide outsourcing services to banks regarding card, POS and ATM operations.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 EmiTel

Warsaw, Poland

EmiTel distributes television and radio signals nationwide in Poland under long-term contracts with television and radio broadcasters. The company owns approximately 350 broadcast towers. EmiTel is also the largest independent tower operator for mobile phone operators in Poland. EmiTel was founded in 2002 and is based in Warsaw, Poland

Sell -
SELLER

M/C Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

M/C Partners is a private equity and venture capital firm that targets communications, media and information technology companies throughout the US, Canada and Europe. M/C looks to invest $10 to $50 million per transaction and is usually the first institutional investor in its portfolio companies. Areas of interest include cable system operators, wireline communications services, fixed wireless broadband operators, media/content, mobile wireless data software and services and operators, wireless tower operators and on-demand software companies. Prospective transaction types include buyouts, growth capital and seed capital financing. M/C partners was formerly known as Chestnut Street Partners. M/C Partners was founded in 1986. The Firm is based in Boston with additional offices in San Francisco and London.

DEAL STATS #
Overall 17 of 31
Sector (Communications) 12 of 20
Type (Add-on Acquisition) 11 of 16
Country (Poland) 1 of 1
Year (2013) 3 of 3
Size (of disclosed) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 Baja Broadband

Alamogordo, New Mexico, United States

Baja Broadband is a full-service communications company offering best-in-class residential and commercial video, high-speed Internet, and voice services. Baja is committed to being the major provider of entertainment, information, and communication services in the communities it serves.

Sell $268M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 ark data centers

Cedar Rapids, Iowa, United States

ark data centers builds, owns, and operates multi-tenant data centers providing related cloud, technical and managed technical services, allowing clients to focus on their core business. ark data centers was founded in 2007 and is based in Cedar Rapids, Iowa.

Buy -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.

DEAL STATS #
Overall 44 of 132
Sector (Communications) 5 of 11
Type (Add-on Acquisition) 14 of 57
Country (Poland) 1 of 3
Year (2013) 8 of 8
Size (of disclosed) 24 of 39
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-23 Outbrain

New York, New York, United States

Outbrain is a content recommendation engine, that reaches a highly engaged audience through distribution on top publisher sites, including USA Today, iVillage, PC Magazine, Chicago Tribune, Newsweek, The Daily Beast and Slate. The company provides publishers a service for recommended links to increase traffic and generate revenue, and marketers a way to distribute content alongside the publisher's own editorial recommendations. Outbrain was formed in 2006 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Towne Park

Annapolis, Maryland, United States

Towne Park is a provider of contracted hospitality services and parking systems nationwide. Towne Park was founded in 1988 and is based in Annapolis, Maryland.

Sell -
Mergr

Product

Company

Legal