Bancroft Private Equity sells €107m Starman to East Capital Explorer

East Capital Explorer will acquire a 67.72% stake in the company from existing owner Bancroft Private Equity, with the remaining stake being held by Starman's founders. The deal values Starman at €107m.

The founders will increase their current equity stakes in Starman by investing an additional sum on the same terms as East Capital Explorer.

Swedbank and SEB are financing part of the acquisition with debt.

The transaction, which is subject to approval from the Estonian competition authorities, is expected to close during the second quarter of 2013.

Company
Based in Tallinn, Estonia, Starman provides cable TV, broadband internet and voice cable services.

People
Mia Jurke is the chief executive of East Capital Explorer. Peeter Kern and Indrek Kuivallik are the founders of Starman.

Advisers
Vendor - CMS Cameron McKenna, Graham Conlon, Anela Musat (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• CEE
• Exits
• Consumer
• Now researching
• Estonia
• Bancroft Private Equity LLP
• East Capital