Add-on Acquisition • Communications

Kerseyco Acquires BeotelNet

On July 15, 2013, Kerseyco acquired communications company BeotelNet from 7L Capital Partners for 5M EUR

Acquisition Context
  • This is Kerseyco’s 1st transaction in the Communications sector.
  • This is Kerseyco’s largest (disclosed) transaction.
  • This is Kerseyco’s 1st transaction in Serbia.

Explore All 1705 Add-on Acquisition Communications Deals - Search the Database Free


M&A Deal Summary

Date July 15, 2013
Target BeotelNet
Sector Communications
Buyer(s) Kerseyco
Sellers(s) 7L Capital Partners
Deal Type Add-on Acquisition
Deal Value 5M EUR

Target Company

BeotelNet

Belgrade, Serbia
BeotelNet is a provider of internet services. BeotelNet provides the possibility of a high-quality connection to the Internet, at a speed of up to 1 Gb/s with a permanent connection, optical and wireless, as well as via xDSL. BeotelNet was founded in 1996 and is based in Belgrade, Serbia.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Kerseyco

Nicosia, Cyprus

Category Company
Founded 2006
Sector Communications
DESCRIPTION

Kerseyco is a provider of telecommunication services. Kerseyco was founded in 2006 and is based in Nicosia, Cyprus.


Deal Context for Buyer #
Overall 1 of 1
Sector: Communications 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Serbia 1 of 1
Year: 2013 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

7L Capital Partners

Athens, Greece

Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

7L Capital Partners is a private equity group focused on high growth businesses that can take advantage of the emerging needs of Eastern Europe. 7L specifically targets the areas of branded goods and services, communications, and technology/applications where there may be a new or innovative product, technology or service, which can better satisfy local market needs. The Group's geographic preference is for opportunities in Greece, Turkey, Cyprus, Romania, Bulgaria and the republics of former Yugoslavia. 7L Capital was formed in 2003 and is based in Athens, Greece.


Deal Context for Seller #
Overall 3 of 4
Sector: Communications 2 of 2
Type: Add-on Acquisition 3 of 3
Country: Serbia 2 of 2
Year: 2013 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-19 VeratNet

Beograd, Serbia

Verat is a telecommunications operator and internet service provider in Serbia and offers a full range of telecommunication services, including ADSL broadband service nationwide and wireless broadband access (WBA) in three cities where it holds radio frequency licenses, including Belgrade. VeratNet is based in Beograd, Serbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 Airgo Airlines SA

Athens, Greece

Airgo Airlines SA is a new air cargo operator, in the process of being licensed in Greece and planning to operate in the Fund's target region; Greece was chosen as the initial base because of its well-developed and stable regulatory environment.

Sell -