NetCentrum (Czech Republic) - Dec 2007

Warburg Pincus has acquired NetCentrum, the second-largest internet company in the Czech Republic. The co-founders are retaining a minority stake, and the shareholders will reinvest part of the transaction proceeds in the company. Before its acquisition, the company’s shareholders also included Baring Communications Equity Ltd, an investment fund formed by the EBRD and managed by Baring Private Equity Partners Ltd, a unit of ING Groep NV, and Communications Equity Associates Inc, a US financial advisory firm. Intel Capital has also invested in the company’s web portal. According to reports in the Czech media, the web portal is valued at €100m.

Company

NetCentrum was founded by Ondrej Tomek and Oldrich Bajer in September 1999. The business started with the launch of the web portal Centrum.cz. NetCentrum has since expanded and runs web portals that are visited by 700,000 users daily and almost three million users monthly. Centrum.cz has more than 200 employees.

People

Pavel Mucha is the CEO and Ondrej Tomek and Oldrich Bajer are the co-founders of the company.

Sourced from: Deutsche unquote" 94 (Jan 2008)

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