M&A Deal Summary

Warburg Pincus Acquires FiberNet

On August 9, 2004, private equity firm Warburg Pincus acquired media company FiberNet from Argus Capital Partners and The Blackstone Group for 72M USD

Acquisition Highlights
  • This is Warburg Pincus’ 4th transaction in the Media sector.
  • This is Warburg Pincus’ 42nd largest (disclosed) transaction.
  • This is Warburg Pincus’ 1st transaction in Hungary.

M&A Deal Summary

Date 2004-08-09
Target FiberNet
Sector Media
Buyer(s) Warburg Pincus
Sellers(s) Argus Capital Partners
The Blackstone Group
Deal Type Secondary Buyout
Deal Value 72M USD

Target

FiberNet

Budapest, Hungary
FiberNet is the largest independent cable television ("CATV") company in Hungary.

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Buyer(S) 1

Buyer

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 69 of 482
Sector (Media) 4 of 6
Type (Secondary Buyout) 4 of 63
Country (Hungary) 1 of 1
Year (2004) 10 of 11
Size (of disclosed) 42 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-03 Artesia Technologies

Rockville, Maryland, United States

Artesia Technologies is a market leader in the Internet infrastructure software known as Digital Asset Management (DAM). Its core product, TEAMS, is enterprise-class software that enables organizations to better manage their digital assets - video, audio, images, and text - and leverage them for both internal process improvement and external marketing and revenue enhancement opportunities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Spheris

Franklin, Tennessee, United States

Spheris, Inc. is a provider of outsource medical transcription services to acute-care hospitals and group medical practices.

Buy -

Seller(S) 2

SELLER

Argus Capital Partners

London, United Kingdom

Category Private Equity Firm
Founded 1998
PE ASSETS 433M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ARGUS Capital Partners is a private equity firm focused on investing throughout Central and Eastern Europe, including Albania, Bosnia & Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia, Slovenia, and Turkey. ARGUS does not have any industry preferences and can support a variety of transaction situations. Prospective transaction types include buyouts, growth capital financings, and industry consolidations. The Firm's target investment size is €10 to €40 million. ARGUS Capital was formed in 1998 and is based in London.


DEAL STATS #
Overall 1 of 8
Sector (Media) 1 of 3
Type (Secondary Buyout) 1 of 3
Country (Hungary) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-12 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.

Sell -
SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 18 of 173
Sector (Media) 2 of 7
Type (Secondary Buyout) 1 of 21
Country (Hungary) 1 of 1
Year (2004) 4 of 6
Size (of disclosed) 54 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 Texas Genco Holdings

Houston, Texas, United States

Texas Genco Holdings, Inc., based in Houston, Texas, is an electric power generating company with over 14,000 megawatts of generation capacity. It sells electric generation capacity, energy and ancillary services in one of the nation's largest power markets, the Electric Reliability Council of Texas (ERCOT). Texas Genco has one of the most diversified generation portfolios in Texas, using natural gas, oil, coal, lignite, and uranium fuels. The company owns and operates 60 generating units at 11 electric power-generating facilities and owns a 30.8 percent interest in a nuclear generating plant.

Buy $3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-31 Haynes International

Kokomo, Indiana, United States

Haynes International is a developer, manufacturer and marketer of technologically advanced, nickel- and cobalt-based high-performance alloys, primarily for use in the aerospace, chemical processing and land-based gas turbine industries. Haynes International was founded in 1912 and is based in Kokomo, Indiana.

Sell -