Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Mid Europa Partners

Company Profile: Mid Europa Partners

Description:

Mid Europa Partners was established in 2005 by EMP Europe Ltd., the European arm of worldwide private equity firm EMP Global.

Investing primarily in Central and Eastern Europe, the company seeks opportunities with companies in sectors with high barriers to entry, having enterprise values between €100 million and €1.5 billion.

Mid Europa Partners currently manages three funds; AIG Emerging Europe Infrastructure Fund LP, Emerging Europe Convergence Fund II LP, and Mid Europa Fund III LP. The three funds combine for a total of nearly €3.0 billion in assets under management by Mid Europa.

Bulgaria's ITV Sold to Mid Europa Partners

Mid Europa Partners, the CEE private equity firm, recently announced the completion of their acquisition of ITV Partner, a Bulgarian satellite pay TV provider. The deal adds to Mid Europa's already established cable TV and direct-to-home (DTH) holdings in South East Europe, a sector the company includes as part of its investment strategy. Other similar Mid Europa holdings in the region include Telemach, Total TV, and SBB.

TDC Sells Invitel Holdings to Mid Europa

TDC, Denmark's leading provider of land-line phone access, has reached an agreement to sell its Hungarian unit Invitel to CEE investment firm Mid Europa Partners, who will purchase a controlling share for nearly € 7.4 million. In addition to the 64.6% stake in Invitel Holdings AS, Mid Europa has also agreed to take on all rights and obligations of an existing € 34.1 million subordinated PIK loan, and submit a tender offer for a € 125 million loan due in 2013.

Liberty and Mid Europa Complete UPC Slovenia Deal

Following an announcement in May of this year regarding the sale of UPC Slovenia, Liberty Global has completed the deal with Mid Europa Partners, giving the CEE equity firm 100% ownership.

Mid Europa Completes DISA/Wheelabrator Merger

Mid Europa Partners, the owner of Danish molding and casting company DISA Group, has announced the completion of a merger between DISA and another portfolio company, Wheelabrator. Wheelabrator is an international company operating in the metal surface preparation field.

Liberty Global Sells UPC Slovenia to Mid Europa Partners

Liberty Global, Inc., owners of UPC Slovenia, announced in mid-April its intentions to sell the Slovenian cable and broadband provider to an undisclosed buyer. An agreement has now been reached that paves the way for Mid Europa Partners to acquire 100% ownership of UPC Slovenia. No details of the sale have been made public, but possible estimates have put the deal between €130-150 million. The acquisition still must go through the normal regulatory approval process.

Mid Europa Partners increases shareholding in T-Mobile Czech Republic and Ceske Radiokomunikace

Mid Europa Partners agreed to acquire up an additional 37.3% stake in Falcon Group from their consortium partner Lehman Brothers taking their own ownership in the Group to 74.6%. Falcon Group owns 100% of Ceske Radiokomunikace and 39.23% of T-Mobile Czech Republic which it acquired in November 2006.

LUX MED, a Mid Europa Partners portfolio company, acquires Promedis

Mid Europa Partners’ portfolio company LUX MED acquired Promedis Sp.z.o.o., from a wholly owned subsidiary of Impel S.A., one of the leading listed service sector conglomerate in Poland.

Mid Europa Partners acquires Centrum medyczne LIM Sp. z.o.o.

Mid Europa Partners agreed to acquire up to 100% of Centrum Medyczne LIM from the founding investor group.

Mid Europa Partners acquires DISA

Mid Europa Partners has acquired 100% of DISA, a company active in the global moulding and metal surface preparation markets, from Procuritas Capital Investors III.

Mid Europa Partners acquires Medycyna Rodzinna S.A.

Mid Europa Partners has acquired 94% of the shares outstanding of Medycyna Rodzinna S.A. from Enterprise Investors.

Mid Europa Partners acquires LUX-MED S.A.

Mid Europa Partners has acquired 100% of LUX-MED S.A., a Warsaw-based provider of healthcare services. Mid Europa Partners acquired the company in an LBO from Cornerstone Partners Inc., Deutsche Investitions und Entwicklungs GmbH and Accession Mezzanine Ltd., a fund managed by Mezzanine Management Central Europe.

Mid Europa Partners acquires Serbian cable TV company SBB

Mid Europa Partners acquired a controlling stake in Serbia Broadband from SEEF I, managed by Bedminster Capital Management. SBB is one of the fastest growing Cable TV operators in Europe, generating an annual growth rate of 60% over the past two years.

Mid Europa Partners acquired TDC's Baltic mobile subsidiary Bité

Mid Europa Partners agreed to acquire 100% of Baltic mobile operator Bité from TDC.

Mid Europa Partners and GMT Communications exit Hungary's Invitel

GMT Communications Partners, Mid Europa Partners and the senior management sold their share capital of Matel Holdings N.V., owner of Invitel Távközlési, Hungary’s second largest fixed line telecoms operator, to Hungarian Telephone & Cable Corp. (HTCC).