M&A Deal Summary

UPC Polska Sp. z o.o. Acquires Aster Sp. z o.o.

On September 16, 2011, UPC Polska Sp. z o.o. acquired media company Aster Sp. z o.o. from Mid Europa Partners, Ardian and Intermediate Capital Group for 2.4B PLN

Acquisition Highlights
  • This is UPC Polska Sp. z o.o.’s 2nd transaction in the Media sector.
  • This is UPC Polska Sp. z o.o.’s 0th largest (disclosed) transaction.
  • This is UPC Polska Sp. z o.o.’s 1st transaction in Poland.

M&A Deal Summary
Date 2011-09-16
Target Aster Sp. z o.o.
Sector Media
Buyer(s) UPC Polska Sp. z o.o.
Sellers(s) Mid Europa Partners
Ardian
Intermediate Capital Group
Deal Type Add-on Acquisition
Deal Value 2.4B PLN

Target

Aster Sp. z o.o.

Warsaw, Poland
Aster City Cable is a leading provider of cable television internet and fixed line telephone services in Poland.

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Buyer(S) 1

Buyer

UPC Polska Sp. z o.o.

Katowice, Poland
Category Company
Sector Communications
DESCRIPTION

UPC Polska Sp. z o.o. offers cable television, video, broadband, and digital (VoIP) telephony services. Its cable television networks offers integrated entertainment, telecommunications, and information services.

DEAL STATS #
Overall 2 of 2
Sector (Media) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Poland) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-06-01 Stjarn TVnatet

Sweden

Stjarn TVnatet, a leading cable television company in Sweden, in 1998 from Singapore Telecom.

Buy -

Seller(S) 3

SELLER

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 5.3B 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 €75 to €200 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 9 of 28
Sector (Media) 4 of 5
Type (Add-on Acquisition) 7 of 18
Country (Poland) 1 of 7
Year (2011) 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Waberer s

Budapest, Hungary

Waberer’s is a road transport company and one of the largest road freight transport companies in Europe, operating a fleet of 2,300 trucks. The Company is well positioned to benefit from the strong growth potential of the European road freight market as a result of its modern fleet, regional coverage, low cost base and proven track record as a reliable partner for international blue chip companies and freight forwarders. Waberer's was founded in 1948 and is based in Budapest, Hungary.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-17 Kent Hospital Group

Izmir, Turkey

Kent Hospital Group operates a hospital. It offers services in the areas of aesthetic and plastic surgery, anesthesia and reanimation, cardiology, cardiovascular surgery, emergency medicine, gastroenterology, general surgery, internal medicine, in-vitro fertilization center, laboratory, neurology, neurosurgery, nuclear medicine, nursing, nutrition and dietetics, ophthalmology, organ transplantation, orthopedics and traumatology, pediatric surgery, pediatrics, physical therapy and rehabilitation, radiology, rheumatology, and urology. Kent Hospital Group was founded in 2004 and is based in Izmir, Turkey.

Buy -
SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 44 of 222
Sector (Media) 3 of 7
Type (Add-on Acquisition) 14 of 52
Country (Poland) 1 of 4
Year (2011) 16 of 18
Size (of disclosed) 17 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-08 KRDS

Paris, France

KRDS is an independent Social and Media Agency that creates and develops social media applications. KRDS provides advice, design, and production, on projects Brand content/activation, Social Media, Sites, and applications buying Bot marketing. KRDS was founded in 2008 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 Jeld-Wen

Charlotte, North Carolina, United States

Jeld-Wen is a designer, producer and distributor of interior and exterior doors, wood, vinyl and aluminum windows and related products for use in the new construction and repair and remodeling of residential homes and non-residential buildings. Jeld-Wen was founded in 1960 and is based in Charlotte, North Carolina.

Buy -
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.

DEAL STATS #
Overall 123 of 217
Sector (Media) 1 of 1
Type (Add-on Acquisition) 32 of 67
Country (Poland) 1 of 1
Year (2011) 9 of 11
Size (of disclosed) 34 of 73
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 V.Group

London, United Kingdom

V.Group provides mission-critical services to its customers, such as technical ship management, crew management, crew welfare services (e.g. catering, travel, and digital wallets & payment cards), leveraged procurement, technical services, specialist insurance broking, and modern shipping-specific digital solutions. V.Group was founded in 1984 and is headquartered in London, United Kingdom.

Sell $520M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-16 IRIS

Slough, United Kingdom

IRIS is a private software house supplying business management solutions to over 60,000 customers, from start-ups to large organisations. IRIS was founded in 1978 and is based in Slough, United Kingdom.

Buy £425M
Mergr

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