M&A Deal Summary

Euroweb International Acquires Elender Business Communications

On June 21, 2004, Euroweb International acquired communications company Elender Business Communications from Advent International

Acquisition Highlights
  • This is Euroweb International’s 1st transaction in the Communications sector.
  • This is Euroweb International’s 1st transaction in Hungary.

M&A Deal Summary
Date 2004-06-21
Target Elender Business Communications
Sector Communications
Buyer(s) Euroweb International
Sellers(s) Advent International
Deal Type Add-on Acquisition

Target

Elender Business Communications

Budapest, Hungary
Elender Business Communications Ltd is a Hungarian internet service provider (ISP) and at the time the third largest ISP in the market.

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Buyer(S) 1

Buyer

Euroweb International

Beverly Hills, California, United States
Category Company
Founded 1992
Sector Information Services
DESCRIPTION

Euroweb International owns and operates Internet Service Providers in Hungary, the Czech Republic, Romania and Slovakia.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Hungary) 1 of 1
Year (2004) 1 of 1

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 52 of 222
Sector (Communications) 10 of 16
Type (Add-on Acquisition) 22 of 82
Country (Hungary) 3 of 5
Year (2004) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 National PetCare Centers

Fort Collins, Colorado, United States

National PetCare Centers (NPC) operates veterinary hospitals in the United States.

Sell $77M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-22 MTI Technology

Godalming, United Kingdom

MTI Technology is a provider of IT storage infrastructure and security solutions to national and global enterprises. MTI Technology was established in 1987 and is headquartered in Godalming, United Kingdom.

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