M&A Vijesti

06 Oct 2009

Acquisition, Dining Services, Czech Republic

Accor Services France SAS, the France based company which designs and manages business solutions for corporate and public institutions and a subsidiary of Accor SA, the listed France based operator of hotels and provider of corporate and tourism services, has acquired Exit Group, the Czech Republic based provider of meal vouchers, for a total consideration of EUR 15m.

Exit Group reported annual 2008 issue volume of EUR 77m. The acquisition will enable The acquisition is in line with Accor Services growth strategy and enables it to gain a dominant position in the Czech Republic market for meal vouchers. Accor Services can also gain access to Exit Group’s 165,000 end users. Post acquisition, Exit Group’s products will be re-branded under the Ticket Restaurant name and Accor Services Czech Republic’s issue volume will reach an estimated at EUR 250m.

~ Mergermarket
28 Sep 2009

Acquisition: Bottled Water Company, Bulgaria

Advent International Corporation, through its acquisition vehicle Advent Water (Luxembourg) has signed a definitive agreement to acquire 75.32% stake in Devin AD from Devin Beteiligungs GmbH, the holding company of Soravia Group AG.
 
Devin AD, a listed Bulgaria based company headquartered in Sofia, is a provider of bottled mineral water, spring water, carbonated and non-carbonated soft drinks and mineral water pumps. Advent Water (Luxembourg) is an acquisition vehicle created by Advent International Corporation, the US based private equity firm headquartered in Boston, Massachusetts. Soravia Group AG, the Austria based company headquartered in Vienna, is engaged in real estate business and equity investments.

~ Mergermarket
21 Sep 2009

Acquisition: Tire Manufacturer, Poland

Goodyear SA has agreed to acquire the remaining 34.01% stake of Firma Oponiarska Debica SA. The transaction will be conducted via a tender offer.
 
Goodyear SA is a Luxembourg based tires manufacturer and an affiliate of Goodyear Tire & Rubber Company, the listed US based company headquartered in Akron, Ohio, which is a developer, manufacturer, distributor and seller of tires and related polymer products. Firma Oponiarska Debica SA (TC Debica SA), the listed Poland based company headquartered in Debica, is a Poland based producer of passenger and light truck tires.

~ Mergermarket
16 Sep 2009

Acquisition: Mobile Telecom Provider, Czech Republic

Mobile Czech Republic AS, the Czech Republic based provider of mobile telecommunications services, and a portfolio company of Mid Europa Partners, the UK based private equity firm and Al Bateen Investment Company, the UAE based investment company, has agreed to acquire retail telecom business of Ceske Radiokomunikace AS, the Czech Republic based provider of telecommunication services including radio and television broadcasting, for an undisclosed consideration.

T-Mobile will acquire residential and small businesses division including the 130 employees and more than 100,000 customers. Al Bateen and Mid Europa Partners, holds 100% stake in Ceske Radiokomunikace and 39.2% stake in T-Mobile Czech Republic.
 
Through the acquisition T-Mobile plans to provide fixed services & internet access via DSL and become a major alternative provider. The acquisition will further strengthen T-Mobile’s ability to provide better integrated solutions for the entire market segment. The deal is subject to competition authorities' approval and is expected to complete by the end of November 2009.

~ Mergermarket
02 Sep 2009

Acquisition: Provider of Dairy Products, Poland

Spoldzielnia Mleczarska Mlekovita, the Polish provider of dry, condensed and evaporated dairy products, has agreed to acquire Spoldzielnia Mleczarska Kurpie, the Polish dairy producer, for an undisclosed consideration.

Kurpie employed around 200 employees. This acquisition will allow Mlekovita to increase its production capacity by around 0.5m liters to 3.5m liters of milk daily. The transaction has received approval from the regulatory authorities.

~ Mergermarket
31 Jul 2009

Acquisition: Television Producer and Distributor, Romania

CME Production B.V. has agreed to acquire MediaPro Entertainment from Media Pro Management S.A. and MediaPro BV.

CME Production B.V., the Bermuda based company headquartered in Hamilton, is a wholly-owned subsidiary of Central European Media Enterprises Ltd., the listed Bermuda based TV broadcasting company operating leading networks in six central and eastern European countries.

~ Mergermarket
30 Jul 2009

Acquisition: Marine Service Provider, Lithuania

Smit International Overseas BV (Smit International), the Netherlands based logistics services providing company and a subsidiary of Smit Internationale NV, the listed Netherlands based maritime services provider has acquired a 50% stake in Towage & Marine Assistance UAB, the Lithuania based company providing ship assistance and all marine related services, for a consideration of EUR 15.5m, valuing the company at EUR 30m.

Under the terms of agreement, Towage & Marine and Smit International have formed a joint venture Towmar Smit Baltic, UAB based in Klaipeda seaport, Lithuania. Towage & Marine will contribute all of its business including tugboats, employees, shares in subsidiaries SIA Towmar and SIA Tug Services to the joint venture for a 50% stake in the joint venture company. The transaction has been approved by the Lithuanian competition authority.

~ Mergermarket
21 Jul 2009

Acquisition: Mobile Phone Operator, Poland

Aero2 Sp. z o.o., the Polish mobile telecommunications company, has acquired Mobyland Sp. z o.o., the Poland based mobile phone operator, from Eutelia SpA, the listed Italian telecommunications company for a consideration of EUR 13m.

Aero2 has made an upfront payment of EUR 11m and balance EUR 2m will be payable after two months. The transaction is part of Eutelia's divestment strategy and will help it reduce its debt by EUR 13m with a possibility to reduce it by further EUR 1.6m based on future contracts of Mobyland.

In September 2008, Eutelia has signed a preliminary agreement with Zoo Network Sarl for the sale of Mobyland for EUR 34m, but the agreement was later cancelled.

~ Mergermarket
09 Jul 2009

Acquisition: Power Generation Company, Czech Republic

 J&T Finance Group AS, the Slovakia based financial services company, has agreed to acquire International Power Opatovice AS, the Czech Republic based company engaged in providing electric power, heat and building materials, from International Power Plc, the listed UK based power generation company, for an enterprise value of CZK 22.5bn (EUR 863.94m), including existing project level debt of CZK 4.8bn (EUR 184.31m).International Power will gain cash proceeds of CZK 17.7bn (EUR 679.63m) from the sale.
 
The transaction includes International Power Opatovice's interests in its subsidiaries Prazskss Teplssrenskss and Energotrans. The company holds a 49% stake in Prazskss Teplssrenskss, the Czech Republic based company engaged in the district heating business, which in turn holds a 100% stake in Energotrans, the 352MW (172MW net) combined heat and power plant. International Power Opatovice also owns and operates a 363MW Opatovice coal-fired combined heat and power plant, located in Prague.

~ Mergermarket
02 Jul 2009

Acquisition: Mobile Telecommunications Company, Romania

Cosmote Mobile Telecommunications SA, the Greek mobile telecommunications company, and subsidiary of Hellenic Telecommunications Organisation SA (OTE SA), the listed Greece based telecommunications group, has agreed to acquire Telemobil SA (Zapp), the Romanian provider of integrated wireless communication services, from Saudi Oger Limited, the Saudi Arabian company engaged in construction, operation, maintenance, telecommunication, and utilities, for an deal valued at EUR 207m, including debt and other liabilities of EUR 146m.

In 2008 Zapp had a turnover of EUR 61m. The acquisition of Zapp with its 3G and CDMA licenses and infrastructure will allow Cosmote to expand its customer base by offering data and voice services in Romania. The transaction is subject to the approval of relevant Romanian authorities and regulatory approvals.

~ Mergermarket