M&A Deal Summary

Vodafone Group Acquires MobiFon S.A.

On July 15, 2005, Vodafone Group acquired communications company MobiFon S.A. from Bancroft Private Equity, GMT Communications Partners, Advent International and Mid Europa Partners

Acquisition Highlights
  • This is Vodafone Group’s 4th transaction in the Communications sector.
  • This is Vodafone Group’s 1st transaction in Romania.

M&A Deal Summary

Date 2005-07-15
Target MobiFon S.A.
Sector Communications
Buyer(s) Vodafone Group
Sellers(s) Bancroft Private Equity
GMT Communications Partners
Advent International
Mid Europa Partners
Deal Type Add-on Acquisition

Target

MobiFon S.A.

Bucure, Romania
MobiFon S.A. is a provider of wireless communication services.

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Buyer(S) 1

Buyer

Vodafone Group

Newbury, United Kingdom

Category Company
Founded 1984
Sector Communications
Employees93,000
Revenue 36.7B EUR (2024)
DESCRIPTION

Vodafone Group is a multinational telecommunications company. Vodafone operates networks in 21 countries and provides communications and IT services to corporate clients in over 65 countries. Vodafone Group was founded in 1984 and is based in Newbury, the United Kingdom.


DEAL STATS #
Overall 4 of 10
Sector (Communications) 4 of 9
Type (Add-on Acquisition) 3 of 7
Country (Romania) 1 of 1
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Oskar Mobil a.s.

Prague, Czech Republic

Oskar Mobil, based in the Czech Republic, was one of the fastest growing wireless operators in Central & Eastern Europe.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-27 Vodafone K.K

Tokyo, Japan

Vodafone K.K provides mobile communications services in Japan. The provision of mobile phone services and the sale of handsets that can be used in conjunction with those services.

Sell -

Seller(S) 4

SELLER

Bancroft Private Equity

Jersey, Channel Islands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 350M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Bancroft Private Equity is a private equity group focused on Eastern Europe, including Greece, the Balkans, and Turkey. The Firm's latest fund looks to invest €10 to €30 million in mature companies, led by experienced management teams with successful track records. Bancroft only considers majority positions and will consider all industries except real estate, tobacco, gambling, and liquor. Bancroft was originally established in 1989 and is based in Vienna.


DEAL STATS #
Overall 5 of 13
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 1 of 7
Country (Romania) 1 of 1
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-09 Computer Press CZ

Trench, Czech Republic

Computer Press publishes computer books and magazines in the Czech and Slovak markets. The company consists of CP Books, publishing non-fiction literature, and Computer Press Media, focused on print and online magazine publishing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-07 Standard Profil

Istanbul, Turkey

Standard Profil is the largest automotive sealing systems manufacturer in Europe and is the supplier of the highest volume cars across many OEMs. Standard Profil was founded in 1977 and is based in Istanbul, Turkey.

Buy -
SELLER

GMT Communications Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 3.5B EUR
Size Large
Type Sector Focused
DESCRIPTION

GMT Communications Partners is a specialist private equity firm focused on investments in the media and communications industries. The Firm prefers established companies with strong barriers to entry. Specific sectors of interest include publishing, information services, tv/radio, mobile voice & data networks, out-of-home media, and telecom infrastructure/services. GMT focuses its investment activity across Europe and will consider later stage investments as well as buyouts. GMT Communications Partners is based in London.


DEAL STATS #
Overall 12 of 24
Sector (Communications) 4 of 7
Type (Add-on Acquisition) 8 of 11
Country (Romania) 1 of 1
Year (2005) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Karneval s.r.o

Prague, Czech Republic

Karneval s.r.o is a provider of cable television and broadband Internet connection services to households in Czech Republic.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-01 Med Telecom/Auna Group

Elche, Spain

Med Telecom/Auna Group is a cable TV operator.

Sell -
SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 61 of 222
Sector (Communications) 13 of 16
Type (Add-on Acquisition) 26 of 82
Country (Romania) 2 of 7
Year (2005) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Synventive Molding Solutions

Peabody, Massachusetts, United States

Synventive Molding Solutions, Inc. is a solutions provider to the injection molding industry. Synventive is a designers, manufacturers and suppliers of hot runner systems and related components to the automotive, electronics, healthcare, and consumer packaging industries. Hot runner systems channel molten plastic from injection molding machines into molds. These systems are used in the molding of a variety of plastic products ranging from small medical devices to large automobile parts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-08 Viatris KG.

Bad Homburg, Germany

Viatris GmbH & Co., KG. is a well-established and profitable pharma company, has developed and currently markets the patented Novolizer device, an innovative multi-dose dry powder inhaler.

Sell €750M
SELLER

Mid Europa Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 6.2B 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 €50 to €300 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 3 of 28
Sector (Communications) 2 of 7
Type (Add-on Acquisition) 3 of 18
Country (Romania) 1 of 2
Year (2005) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Karneval s.r.o

Prague, Czech Republic

Karneval s.r.o is a provider of cable television and broadband Internet connection services to households in Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-21 Orange Slovensko a.s.

Bratislava, Slovakia

Orange Slovensko is the leading GSM mobile telephony operator in Slovakia.

Sell $628M