Ardian and Resource Partners increase Baltcom holding

Ardian and Resource Partners invested in Baltcom in May 2011. Baltcom TV's existing shareholders include RPAX One as well as State JSC Latvian Radio and Television Centre.

Resource Partners focuses on growth financing of consumer goods and services companies operating within the CEE region. It manages funds for Axa, the European Bank for Reconstruction and Development, the European Investment Fund and Rabobank.

Company
Founded in 1991, Baltcom is a Latvian telecommunication company offering analogue and interactive digital TV, high-speed internet and fixed telephony services. Since August 2013, it also offers electric energy retail distribution for households. In September 2013, Baltcom bought cable television operator Izzi.

People
Dominique Gaillard, Frédéric Collard and Marton Hunek worked on the deal for Ardian. Piotr Noceń, Dan Farcasanu and Adrian Stanculescu represented for Resource Partners.

Advisers
Equity- Sorainen (Legal).

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• Topics
• CEE
• Technology
• Now researching
• Expansion
• Ardian (formerly Axa PE)
• Resource Partners Sp. z o.o.
• Latvia