M&A Deal Summary

Mid Europa Partners and ATP Private Equity Partners Acquire Invitel

On November 1, 2009, private equity firms Mid Europa Partners and ATP Private Equity Partners acquired communications company Invitel from TDC Group

Acquisition Highlights
  • This is Mid Europa Partners’ 6th and ATP Private Equity Partners’ 2nd transaction in the Communications sector.
  • This is Mid Europa Partners’ 2nd and ATP Private Equity Partners’ 1st transaction in Hungary.
Investment Fate
  • Invitel was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2009-11-01
Target Invitel
Sector Communications
Buyer(s) Mid Europa Partners
ATP Private Equity Partners
Sellers(s) TDC Group
Deal Type Divestiture

Target

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.

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Buyer(S) 2

Buyer

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.2B 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 €50 to €300 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 17 of 44
Sector: Communications M&A 6 of 6
Type: Divestiture M&A Deals 3 of 7
Country: Hungary M&A 2 of 3
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-09 Norican Group

Taastrup, Denmark

Norican Group designs, manufactures, distributes, installs and maintains a wide range of moulding and surface preparation solutions, including standard and custom tailored stationary moulding, wheel-blast and air-blast systems, and related replacement parts and aftermarket services. Norican Group was founded in 2008 and is based in Taastrup, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-08 Energy 21

Prague, Czech Republic

Energy 21 develop, acquire, construct, and operate renewable power plants. Energy 21 believe that their integrated approach can deliver and ensure a safe, reliable, and sustainable supply of green electricity to customers. Energy 21 was founded in 2007 and is based in Prague, Czech Republic.

Buy -
Buyer

ATP Private Equity Partners


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 12 of 44
Sector: Communications M&A 2 of 3
Type: Divestiture M&A Deals 2 of 5
Country: Hungary M&A 1 of 1
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-08 Bradshaw

Rancho Cucamonga, California, United States

Bradshaw is a designer, marketer, and category manager of high-quality kitchen tools and gadgets, bakeware, cookware, food storage, and home cleaning products to retailers across North America. The Company sells over 7,000 products under nationally recognized brands including: Good Cook, Casabella, Evercare, Mr. Clean, Clorox, and Dawn, in addition to supporting retailers’ private label programs. Bradshaw was formed in 1969 and is based in Rancho Cucamonga, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 Safway Services

Waukesha, Wisconsin, United States

Safway Services LLC is a provider of scaffolding services and access solutions in North America for the industrial and commercial construction markets. The Company provides a comprehensive portfolio of services, including the design, engineering, erection, dismantling, rental and sale of scaffolding throughout the U.S. and Canada. In the industrial market, the Company services multiple end-markets, including refining, power generation, Canadian Oil Sands, chemical and pulp & paper.

Buy -

Seller(S) 1

SELLER

TDC Group

Copenhagen, Denmark

Category Company
Founded 1882
Sector Communications
Employees7,111
Revenue 16.1B DKK (2020)
DESCRIPTION

TDC Group is a provider of communications and entertainment solutions. TDC Group has become two companies, each with its own core areas, which work towards a digital future, TDC NET delivers the best mobile network and the fastest fixed-line connections – and represents Denmark’s digital future with a roll-out of fiber and 5G. Nuuday is the leading service provider of digital services within TV, broadband, network, and telephony for private customers and businesses and consists of nine-strong brands.


DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Hungary M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-13 Fullrate A/S

Taastrup, Denmark

Fullrate A/S is a broadband services provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-11 OnFone ApS

Copenhagen, Denmark

OnFone ApS is a mobile telephony and wireless Internet solutions and services provider.

Buy kr.300M