M&A Deal Summary

Innova Capital Acquires Orange Romania SA

On December 1, 1999, private equity firm Innova Capital acquired communications company Orange Romania SA

Acquisition Highlights
  • This is Innova Capital’s 2nd transaction in the Communications sector.
  • This is Innova Capital’s 2nd transaction in Romania.
Investment Fate
  • Orange Romania SA was sold to management in 2005.

M&A Deal Summary

Date 1999-12-01
Target Orange Romania SA
Sector Communications
Buyer(s) Innova Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Orange Romania SA

Bucharest, Romania
Orange România is Romania's largest GSM network operator, the subsidiary of Orange SA, owned by the France Télécom Group.

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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 17 of 70
Sector: Communications M&A 2 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 46
Country: Romania M&A 2 of 8
Year: 1999 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-01 Carman

Poland

Carman offered a range of quick-fit auto services operating through seven outlets located at Makro Cash & Carry premises across Poland. All stations were Company Owned Company Operated (COCO).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 Metropolis Media d.o.o

Zagreb, Poland

A leading provider of billboards and backlit advertising panels for bus shelters and other outdoor venues in Slovenia, Croatia and other countries of former Yugoslavia. In 2000, Innova funds acquired a 45% interest in Metropolis Media to finance further development and expansion of the company.

Buy -