M&A Deal Summary

GMT Communications Partners and M/C Partners Acquire Melita

On July 1, 2007, private equity firms GMT Communications Partners and M/C Partners acquired communications company Melita

Acquisition Highlights
  • This is GMT Communications Partners’ 7th and M/C Partners’ 16th transaction in the Communications sector.
  • This is GMT Communications Partners’ 1st and M/C Partners’ 1st transaction in Malta.
Investment Fate
  • Melita was sold to a consortium of financial buyers in 2015.
  • Melita was sold to a consortium of financial buyers in 2019.
  • Melita was sold to a strategic buyer in 2024.

M&A Deal Summary

Date 2007-07-01
Target Melita
Sector Communications
Buyer(s) GMT Communications Partners
M/C Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Melita

Mriehel By-Pass, Malta
Melita is a provider of high-speed broadband and mobile services as well as a premium TV to households and businesses connected to its state-of-the-art telecom network in Malta. It owns and operates a fully invested, over 1,600km long HFC network as well as a 5G-ready mobile network with its own tower and small cell footprint. Melita was founded in 1991 and is based in Mriehel By-Pass, Malta.

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Buyer(S) 2

Buyer

GMT Communications Partners

London, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 3.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

GMT Communications Partners is a specialist private equity firm focused on investments in the media and communications industries. The Firm prefers established companies with strong barriers to entry. Specific sectors of interest include publishing, information services, tv/radio, mobile voice & data networks, out-of-home media, and telecom infrastructure/services. GMT focuses its investment activity across Europe and will consider later stage investments as well as buyouts. GMT Communications Partners is based in London.


DEAL STATS #
Overall 24 of 30
Sector: Communications M&A 7 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 24
Country: Malta M&A 1 of 1
Year: 2007 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 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.

Sell €470M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-01 Primesight

London, United Kingdom

Primesight is the owner and operator of outdoor advertising panels. Primesight was founded in 1984 and is based in London, United Kingdom

Buy £62M
Buyer

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 20 of 52
Sector: Communications M&A 16 of 32
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 20
Country: Malta M&A 1 of 1
Year: 2007 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-24 MetroPCS Communications

Richardson, Texas, United States

MetroPCS Communications, Inc. is a provider of wireless communications services in several metropolitan areas of the US, including SanFrancisco, Miami and Atlanta. MetroPCS offers simple, flat-rate calling plans that provide unlimited usage within a local calling area with no long-term contracts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-11 Zayo

Boulder, Colorado, United States

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

Buy -