M&A Deal Summary

VEON Acquires Wind Telecom

On April 15, 2011, VEON acquired communications company Wind Telecom from Apax, TA Associates and Madison Dearborn Partners

Acquisition Highlights
  • This is VEON’s 2nd transaction in the Communications sector.
  • This is VEON’s 1st transaction in Italy.

M&A Deal Summary

Date 2011-04-15
Target Wind Telecom
Sector Communications
Buyer(s) VEON
Sellers(s) Apax
TA Associates
Madison Dearborn Partners
Deal Type Add-on Acquisition
Advisor(s) EFG Hermes Holding SAE (Financial)

Target

Wind Telecom

Rome, Italy
WIND TELECOM S.p.A.(formerly Weather Investments S.p.A.)is an international telecommunications company offering mobile, fixed, internet and international communication services.

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Buyer(S) 1

Buyer

VEON

Amsterdam, Netherlands

Category Company
Founded 1992
Sector Communications
Employees16,422
Revenue 3.7B USD (2023)
DESCRIPTION

VEON is a provider of telecommunication services. VEON provides more than 200 million customers with voice, fixed broadband, data, and digital services. VEON was founed in 1992 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 2 of 4
Sector (Communications) 2 of 2
Type (Add-on Acquisition) 2 of 4
Country (Italy) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Jazz

Islamabad, Pakistan

Jazz is a provider of telecommunication services in Pakistan. Jazz was founded in 1994 and is based in Islamabad, Pakistan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 OTM

Moscow, Russia

OTM is a technology platform for the automation and planning of online advertising purchases. OTM includes a full stack of programmatic products (DSP, SSP, DMP, AdExchange, Antifraud, Smart Switch). OTM was founded in 2010 and is based in Moscow, Russia.

Buy -

Seller(S) 3

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 64 of 172
Sector (Communications) 8 of 11
Type (Add-on Acquisition) 26 of 60
Country (Italy) 1 of 5
Year (2011) 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-11 Epicor Software

Austin, Texas, United States

Epicor Software is a global provider of industry-specific enterprise software to industrial-focused sectors. Epicor serves as a trusted partner for thousands of companies worldwide across key industries such as manufacturing, distribution, and retail. Epicor Software was founded in 1972 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-17 Bankrate

New York, New York, United States

Bankrate is an online publisher, aggregator, and distributor of personal finance content. The Company's vision is to help consumers Maximize Your Money when they borrow, save or invest. With this in mind, RATE aggregates large scale audiences of in-market consumers by providing them with proprietary, fully researched, comprehensive, independent and objective personal finance and related editorial content across multiple vertical categories including credit cards, mortgages, deposits, senior care and other categories, such as personal and auto loans retirement, and taxes. RATE's flagship sites CreditCards.com, Bankrate.com, and Caring.com are leading destinations in each of their respective verticals and connect their vast audiences with financial service and senior care providers and other contextually relevant advertisers. RATE also owns and operates a number of specialist sites, apps and social platforms, including NextAdvisor.com, The Points Guy, Interest.com, Quizzle.com and Walla.by. Bankrate also develops and provides content, tools, web services and co-branded websites to over 100 online partners, including Yahoo!, CNBC and MarketWatch. In addition, Bankrate licenses editorial content to leading news organizations such as The Wall Street Journal and The New York Times. Bankrate was founded in 1976 and is based in New York.

Sell -
SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 149 of 255
Sector (Communications) 12 of 15
Type (Add-on Acquisition) 83 of 130
Country (Italy) 1 of 2
Year (2011) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-14 Answers

New York, New York, United States

Answers Corp. is an operator of online Q&A site that is a community-generated social knowledge Q&A platform, leveraging wiki-based technologies. Through the contributions of its large and growing community, answers are improved and updated over time. Answers was founded in 1999 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-26 Bigpoint

Hamburg, Germany

Bigpoint GmbH is a publisher and developer of online games. Bigpoint.com is a gaming portal that offers a wide variety of high-quality online games.

Buy $350M
SELLER

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 28.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 36 of 74
Sector (Communications) 9 of 10
Type (Add-on Acquisition) 11 of 34
Country (Italy) 1 of 1
Year (2011) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-27 Fieldglass

Chicago, Illinois, United States

Fieldglass provides advanced web-based software applications to facilitate the procurement and management of skilled temporary (or 'contingent') employees. The Company's solution suites are modular, scalable and fully customizable along multiple dimensions, allowing customers unlimited flexibility in specifying, procuring, scheduling and tracking their contingent workforce.

Buy $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Valitas Health Services

St. Louis, Missouri, United States

Valitas is one of the largest providers of clinical contract staffing and related health care management services in the United States, managing contract sites for correctional facilities and physician practices serving military hospitals.

Sell $250M