Add-on Acquisition • Communications

United Internet Acquires Versatel AG

On September 3, 2014, United Internet acquired communications company Versatel AG from KKR for 769M USD

Acquisition Context
  • This is United Internet’s 1st transaction in the Communications sector.
  • This is United Internet’s largest (disclosed) transaction.
  • This is United Internet’s 1st transaction in Germany.

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M&A Deal Summary

Date September 3, 2014
Target Versatel AG
Sector Communications
Buyer(s) United Internet
Sellers(s) KKR
Deal Type Add-on Acquisition
Deal Value 769M USD

Target Company

Versatel AG

Berlin, Germany
Versatel AG is a provider of infrastructure based telecommunications services in the German market.
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Buyer Overview 1

Buyer

United Internet

Montabaur, Germany

Category Company
Founded 1988
Sector Internet Software and Services
Employees10,953
Revenue 6.3B EUR (2024)
DESCRIPTION

United Internet is a Internet services company. United Internet was founded in 1988 and is based in Montabaur, Germany.


Deal Context for Buyer #
Overall 2 of 4
Sector: Communications 1 of 1
Type: Add-on Acquisition 2 of 3
Country: Germany 1 of 2
Year: 2014 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-13 Twenty4help Knowledge Service AG

Dortmund, Germany

Twenty4help Knowledge Service AG is a provider of outsourced technical support and IT-related services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-10 Home.pl Sp. z o.o.

Szczecin, Poland

Home.Pl is a provider of server hosting and domain registration services in Poland.

Buy €135M

Seller Profile 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


Deal Context for Seller #
Overall 60 of 215
Sector: Communications 2 of 8
Type: Add-on Acquisition 19 of 69
Country: Germany 10 of 16
Year: 2014 14 of 17
Size (of disclosed) 33 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 Savant

Hyannis, Massachusetts, United States

Savant is a luxury smart home technology company focused on bringing the four pillars of automation - comfort, lighting, entertainment, and safety - together in a single application interface for the homeowner. Savant was founded in 2005 and is based in Hyannis, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Papresa

Errenteria, Spain

Papresa is a producer of newsprint in Southern Europe, in order to execute a comprehensive industrial transformation plan towards new growing products, such as fluting paper for packaging. Papresa was founded in 1868 and is based in Errenteria, Spain.

Buy -