Mezzanine Management backs MCI in ATM deal

The capital was provided in the form of long-term debt and equity. MCI secured a majority of the equity in the telecoms business through a gradual stake-building process, which was initiated in 2016 when MCI announced it would aim to acquire ATM. However, ATM will remain listed on the Warsaw stock exchange.

The deal marks a first investment from Mezzanine's latest vehicle, AMC IV. The investment was partially syndicated to offer the fund's limited partners a co-investment opportunity.

With the fresh capital, ATM intends to grow its market share in Poland.

Previous funding
In March 2016, MCI Management announced a tender offer to acquire an 18.76% stake in ATM at an offer price of PLN 10.37 per share. This corresponded to a deal value of £12.75m, according to unquote" data. MCI Management financed the transaction through its MCI EuroVentures fund. Post-transaction, MCI management held close to 33% of the company.

Company
Founded in 1987 and headquartered in Warsaw, ATM is a data centre operator and telecoms provider. The company provides co-location, hosting and cloud computing services as well as IP services under the Atman and Thinx Poland brands. Its customers include telecommunications operators, financial institutions and industrial companies. ATM listed on the Warsaw stock exchange in 2004.

People
Mezzanine Partners – Przemysław Głębocki (managing director).

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• Topics
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