• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deal search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
      • Deals search
      • Exits search
      • Funds search
      • Sponsors search
      • Advisers search
      • LPs search
      • League tables
      • Reports
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
UNQUOTE
  • Consumer

Providence in €115m buyout of Baltic broadcaster MTG

  • Mikkel Stern-Peltz
  • Mikkel Stern-Peltz
  • 20 March 2017
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

In a €115m carve-out, US private equity firm Providence Equity Partners has acquired the Baltic assets of listed Swedish broadcasting group MTG.

The disposal of MTG's TV, digital and radio business in the Baltic countries to Providence values 100% of the carved-out company at €115m, or 12x 2016 EBITDA.

Providence made its first foray into the Baltic broadcasting and telecommunications sector last year with the secondary buyout of mobile network operator Bité from Mid Europa, in one of the largest private equity transactions in central and eastern Europe in 2016.

The GP will take control of MTG's assets in Latvia, Estonia and Lithuania, subject to regulatory approvals. MTG's sale forms part of a refocusing effort within the group; proceeds from the transaction will be plowed into the company's transformation.

Company
MTG is a broadcasting business providing free and paid TV services, digital entertainment and radio.

The group operates 11 television channels across the three Baltic countries and claims to have a combined 48.6% commercial share of viewing in the region. Additionally, MTG Baltics has subscription and advertising-funded video streaming services, commercial radio stations and online advertising consultancy services, among other assets.

The Baltic operations of MTG recorded SEK 1bn in revenues and SEK 91m in EBIT in 2016, according to MTG's financial statements.

People
Providence Equity Partners – Karim Tabet, Robert Sudo (managing directors).
MTG – Jørgen Madsen Lindemann (CEO).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Consumer
  • Buyouts
  • CEE
  • Providence Equity Partners
  • Baltics

More on Consumer

Big Bus tours bidders' interest ahead of September launch of sale process
Big Bus tours bidders' interest ahead of September launch of sale process

Sponsor Exponent acquired the UK-based tour company in 2015 via the same-year vintage Exponent Private Equity Partners III

  • Consumer
  • 18 August 2023
IK launches mini-cap strategy in UK and Benelux with robust pipeline
IK launches mini-cap strategy in UK and Benelux with robust pipeline

With a focus on deals of up to EUR 50m EV, the GP's Development Capital team is in advanced negotiations with several potential targets in the new markets

  • Consumer
  • 13 January 2023
Investindustrial acquires majority stake in Eataly
Investindustrial acquires majority stake in Eataly

EUR 200m investment will allow high-end food retailer retire debt and support global expansion

  • Consumer
  • 21 September 2022
Foreign GPs step up for large Italian deals – panel
Foreign GPs step up for large Italian deals – panel

Interest from international players is growing across a variety of sectors, but political uncertainty looms

  • Consumer
  • 05 August 2022

Latest News

Partners Group to release IMs for Civica sale in mid-September
  • Exits
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
  • Investments
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Czech Republic-headquartered family office is targeting DACH and CEE region deals

  • 01 September 2023
Redalpine expands leadership team amid CHF 1bn-plus fundraise
  • Venture
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

  • 31 August 2023
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • 31 August 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013