Latest Press Releases
Mid Europa Agrees to Sell Invitel
13 January 2017
Mid Europa Partners ("Mid Europa"), the leading
private equity firm in Central and South Eastern Europe, announced
today that it has reached an agreement for the sale of its
investment in Invitel Group to CEE Equity Partners ("CEE Equity"),
the investment advisor to the China CEE Investment Co-operation
Fund. The transaction is subject to customary closing conditions,
including competition clearance, and is expected to complete in the
first quarter of 2017.
Invitel is the second-largest incumbent fixed
line telecommunications and broadband Internet services provider
with more than 1 million homes passed in Hungary, serving both
residential and corporate customers.
David Blunck, the CEO of Invitel, commented:
"Under Mid Europa's leadership we have strengthened Invitel's
position in the Hungarian market and we are grateful for their
support. We look forward to further developing the business under
the ownership of CEE Equity."
Rothschild acted as exclusive financial adviser
and Dechert as legal counsel to Mid Europa.
Back to news article results list