M&A Deal Summary

Providence Equity Partners Acquires Starman

On March 14, 2016, private equity firm Providence Equity Partners acquired communications company Starman from Eastnine for 81M EUR

Acquisition Highlights
  • This is Providence Equity Partners’ 18th transaction in the Communications sector.
  • This is Providence Equity Partners’ 33rd largest (disclosed) transaction.
  • This is Providence Equity Partners’ 1st transaction in Estonia.
Investment Fate
  • Starman was sold to a strategic buyer in 2016 for 151M EUR.

M&A Deal Summary

Date 2016-03-14
Target Starman
Sector Communications
Buyer(s) Providence Equity Partners
Sellers(s) Eastnine
Deal Type Secondary Buyout
Deal Value 81M EUR

Target

Starman

Tallinn, Estonia
Starman is a cable TV operator, that provides several bundled service packages offering "triple play" service: video programs, broadband internet connection, and voice telephony. It is also involved in the provision of terrestrial digital video services. Starman was founded in 1992 and is based in Tallinn, Estonia.

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Buyer(S) 1

Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 89 of 135
Sector (Communications) 18 of 20
Type (Secondary Buyout) 18 of 38
Country (Estonia) 1 of 1
Year (2016) 1 of 6
Size (of disclosed) 33 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-24 Bite Group

Amsterdam, Netherlands

Bite Group is a provider of mobile telecommunication and mobile Internet services to residential and business customers primarily in Lithuania and Latvia. Bite Group is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-04 Stack Sports

Plano, Texas, United States

Stack Sports is a developer of easy-to-use team management software solutions for national governing bodies, youth sports leagues, clubs and associations. Companies under the Blue Star Sports platform include Bonzi, Pointstreak, Goalline, PrimeTime Sports, SDI Camps, LeagueLineup, RaceWire, and CaptainU. Stack Sports was founded in 2016 and is headquartered in Plano, Texas.

Buy -

Seller(S) 1

SELLER

Eastnine

Investor Investor


Category Private Equity Real Estate
Founded 2007
PE ASSETS 232M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Eastnine AB is a publicly-traded investment firm focused on commercial real estate investment opportunities in the Baltic region of Europe. The Group looks to generate predictable cash flows by being a long-term owner of attractive commercial properties in prime locations. Eastnine AB was established in 2007 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 1 of 2
Sector (Communications) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (Estonia) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-07 Starman

Tallinn, Estonia

Starman is a cable TV operator, that provides several bundled service packages offering "triple play" service: video programs, broadband internet connection, and voice telephony. It is also involved in the provision of terrestrial digital video services. Starman was founded in 1992 and is based in Tallinn, Estonia.

Buy €107M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-25 AS TREV-2 Grupp

Tallinn, Estonia

AS TREV-2 Grupp is a construction company focused on the construction and maintenance of facilities. AS TREV-2 Grupp was established in 1961 and is based in Tallinn, Estonia.

Sell -