IFLR1000

Providence Equity Partners acquistion of Bitė from Mid Europa Partners

16/2/2016
Private acquisition
Select tab

Completed

16/2/2016

Overview:

  • Providence Equity Partners acquired Baltic telecommunications group Bitė from Mid Europa Partners for an undisclosed amount.
  • Goldman Sachs served as financial adviser to Mid Europa Partners
  • The target controls one of the largest mobile operators in Latvia and Lithuania, with more than 1.5 million private and corporate customers.
  • Mid Europa acquired Bitė for €450 million in 2007 from TDC.
  • Providence is a global asset management firm with more that $45 billion in assets under management.

Jon Moore - Journalist

Jurisdictions:

Luxembourg
Netherlands
Latvia
Lithuania

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sector:

Technology and telecommunications

Firms:
Cobalt

Party: Mid Europa Partners (Seller)

Lawyers: Elijus Burgis, Guntars Zile

Ellex

Party: BNP Paribas Fortis (Lender)

Party: Crédit Agricole (Lender)

Party: ING Bank (Lender)

Party: Nordea Bank (Lender)

Party: Unicredit Bank Austria (Lender)

Party: Raiffeisen Bank International (Lender)

Freshfields

Party: Mid Europa Partners (Seller)

Latham & Watkins

Party: BNP Paribas Fortis (Lender)

Party: Crédit Agricole (Lender)

Party: ING Bank (Lender)

Party: Nordea Bank (Lender)

Party: Unicredit Bank Austria (Lender)

Party: Raiffeisen Bank International (Lender)

Sorainen

Party: Providence Equity Partners (Acquirer)

Lawyers: Algirdas Pekšys, Laimonas Skibarka

Weil Gotshal & Manges

Party: Providence Equity Partners (Acquirer)

Related deals