M&A Deal Summary

Innova Capital Acquires Orange Moldova SA

On December 1, 2004, private equity firm Innova Capital acquired communications company Orange Moldova SA

Acquisition Highlights
  • This is Innova Capital’s 5th transaction in the Communications sector.
  • This is Innova Capital’s 1st transaction in Moldova.
Investment Fate
  • Orange Moldova SA was sold to a strategic buyer in 2007.

M&A Deal Summary

Date 2004-12-01
Target Orange Moldova SA
Sector Communications
Buyer(s) Innova Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Orange Moldova SA

Chisinau, Moldova
Orange Moldova (formerly Voxtel) is the largest mobile network operator in Moldova. It began operations as Voxtel in 1998 and rebranded to Orange in 2007. It has since been acquired by France Telecom. In September 2009, Orange Moldova was the first operator in the world to launch high-definition voice services (HD voice) for mobile phones.

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Buyer(S) 1

Buyer

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 27 of 70
Sector: Communications M&A 5 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 26 of 46
Country: Moldova M&A 1 of 1
Year: 2004 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 Dom Finansowy

Gdansk, Poland

Dom Finansowy is an independent financial broker in the Polish market. It specializes in credit intermediation services, targeting retail customers. Its core products are unsecured cash loans, mortgage loans, and credit cards. Dom Finansowy was founded in 2001 and is based in Gdansk, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-06 MobilTel AD

Sofia, Bulgaria

Mobiltel EAD is the largest GSM mobile telephony operator in Bulgaria with a 75% market share.

Sell €1.6B