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Liberty and Mid Europa Complete UPC Slovenia Deal

Posted Fri, 17/07/2009 - 14:43

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.

Though the details of the transaction have not been disclosed, estimates at the time of the May announcement put the deal between €130-150 million. Dragon Solak, head of Serbian TV and broadband provider SBB is slated to become the chairman at UPC Slovenia, a similar cable and broadband provider. The acquisition was carried out by Mid Europa's Stefan Tzvetkov, Andrej Babace and Andreea Constantinescu; this on the heals of managing director and COO Bill Morrow retiring after 10 years with the firm.

Mid Europa Partners (www.mideuropa.com)
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.