M&A Deal Summary

J 23 a.s. Acquires ADAST a.s

On February 19, 2008, J 23 a.s. acquired engineering company ADAST a.s from Penta Investments

Acquisition Highlights
  • This is J 23 a.s.’s 1st transaction in the Engineering sector.
  • This is J 23 a.s.’s 1st transaction in Czech Republic.

M&A Deal Summary
Date 2008-02-19
Target ADAST a.s
Sector Engineering
Buyer(s) J 23 a.s.
Sellers(s) Penta Investments
Deal Type Add-on Acquisition

Target

ADAST a.s

Adamov, Czech Republic
Penta acquired ADAST in 2003 when it filled for bankruptcy. The company had been poorly run and unable to compete on the international market for printing machines. During Penta's ownership heavy investments were made into production efficiency and innovation. After the restructuring process, Penta sold 100% of ADAST to J 23 a.s

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Buyer(S) 1

Buyer

J 23 a.s.

Category Company
Sector Machinery
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Czech Republic) 1 of 1
Year (2008) 1 of 1

Seller(S) 1

SELLER

Penta Investments

Prague, Czech Republic

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 10.4B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Penta Investments Ltd. is a private investment firm focused on private equity and real estate. firm specializing in buy-outs and start ups transactions. Penta seeks to invest across Central Europe including Slovakia, Poland, and Czechoslovakia. The Firm targets companies with an average enterprise value of €150 million. Areas of interest includes facility management, aerospace, banking, energy, engineering, entertainment, financing, food processing, healthcare, insurance, investment fund, manufacturing, metal, refinery, retail, telecommunications, textile industry, transportation, wholesale and utilities. Penta Investments Ltd. was formed in 1994 and is based in Prague.

DEAL STATS #
Overall 9 of 34
Sector (Engineering) 2 of 3
Type (Add-on Acquisition) 3 of 14
Country (Czech Republic) 3 of 10
Year (2008) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Letisko Košice a.s.

Košice, Slovakia

Letisko Košice owns and operates the second largest airport in Slovakia. In 2007, the airport served more than 440,000 passengers, which is a 29% increase in comparison to 2006.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-22 Stream Communications Sp. Z o.o.

Krakow, Poland

Stream Communications is a provider of cable services – its HFC (Hybrid Fibre-Coaxial) network is used to distribute analogue TV, Internet and Fixed telephony services. Penta provided a business development and local expansion. The company was sold to Hyperion, a Poland-based company engaged in the provision of information technology (IT) services.

Buy -
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