M&A Deal Summary

Hutchison Drei Austria Acquires Orange Austria Telecommunication

On February 3, 2012, Hutchison Drei Austria acquired communications company Orange Austria Telecommunication from Mid Europa Partners and Orange for 1.3B EUR

Acquisition Highlights
  • This is Hutchison Drei Austria’s 1st transaction in the Communications sector.
  • This is Hutchison Drei Austria’s largest (disclosed) transaction.
  • This is Hutchison Drei Austria’s 1st transaction in Austria.

M&A Deal Summary

Date 2012-02-03
Target Orange Austria Telecommunication
Sector Communications
Buyer(s) Hutchison Drei Austria
Sellers(s) Mid Europa Partners
Orange
Deal Type Add-on Acquisition
Deal Value 1.3B EUR

Target

Orange Austria Telecommunication

Vienna, Austria
Orange Austria Telecommunication GmbH offers mobile telecommunications network services. Orange Austria Telecommunication GmbH was founded in 1998 and is based in Vienna, Austria.

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Buyer(S) 1

Buyer

Hutchison Drei Austria

Vienna, Austria

Category Company
Founded 2003
Sector Communications
DESCRIPTION

Hutchison Drei Austria GmbH provides mobile telecommunication services in Austria. It offers 3TreueBonus to order a new phone or modem, or a premium at renewal


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Austria) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B 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 €75 to €200 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 10 of 28
Sector (Communications) 5 of 7
Type (Add-on Acquisition) 8 of 18
Country (Austria) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-17 Kent Hospital Group

Izmir, Turkey

Kent Hospital Group operates a hospital. It offers services in the areas of aesthetic and plastic surgery, anesthesia and reanimation, cardiology, cardiovascular surgery, emergency medicine, gastroenterology, general surgery, internal medicine, in-vitro fertilization center, laboratory, neurology, neurosurgery, nuclear medicine, nursing, nutrition and dietetics, ophthalmology, organ transplantation, orthopedics and traumatology, pediatric surgery, pediatrics, physical therapy and rehabilitation, radiology, rheumatology, and urology. Kent Hospital Group was founded in 2004 and is based in Izmir, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Walmark AS

Třinec, Czech Republic

Walmark is a manufacturer of consumer health products in Central Europe with a unique portfolio of well-established Consumer Health brands across multiple categories. These include vitamins and minerals, children’s health, women’s health, men’s health, joint care, digestive and intestinal, and cough and cold and are set to generate continued strong growth. The company's key brands include e.g. Biopron (gut health), Martians (children’s supplements), Urinal (urinary tract health), Proenzi (joint care), Prostenal (male health), Beliema (vaginal health) and Sinulan (respiratory health). Walmark was established in 1990 and headquartered in Třinec, Czech Republic.

Buy -
SELLER

Orange

Issy-les-Moulineaux, France

Category Company
Founded 1990
Sector Communications
Employees137,094
Revenue 44.1B EUR (2023)
DESCRIPTION
Orange retail store in central Barcelona, Spain.
Orange retail store in central Barcelona, Spain.

Orange provides a range of fixed telephony and mobile telecommunications, data transmission, Internet and multimedia, and other value-added services to consumers, businesses, and other telecommunications operators under the Orange brand worldwide. Orange was founded in 1990 and is based in Paris, France.


DEAL STATS #
Overall 4 of 10
Sector (Communications) 2 of 5
Type (Add-on Acquisition) 2 of 3
Country (Austria) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-23 Orange Communications SA

Renens, Switzerland

Orange Switzerland is a mobile operators in Switzerland with 1.6 million customers and the highest average revenue per user ("ARPU") in the market.

Sell Fr.2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-22 Dailymotion SA

Paris, France

Dailymotion SA is a video-sharing website.

Buy $168M