Mediterra exits Mobiliz to GPS Bulgaria

The GP led the Mobiliz buyout in November 2012 for a total consideration of €5.05m. Mediterra deployed capital from its Mediterra Capital Management I debut fund, which held a final close in January 2013 on €164m, backed by international institutional investors, including Alpinvest Partners, DEG, EBRD, FMO and IFC. The vehicle targets mid-market companies with enterprise values of €50-250m.

Company
Founded in 2004 and headquartered in Ankara, Mobiliz offers telematics solutions for vehicle tracking, mobile video recording and camera tracking. It claims it has 15,000 customers. The company employs 68 people.

Advisers
Company – Arma Partners (corporate finance); Alpacar Associates (corporate finance).

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• Topics
• CEE
• Exits
• Technology
• Turkey
• Trade sale
• Arma Partners