A consortium comprising Abu Dhabi-based Al-Bateen Investment Company, Lehman Brothers Private Equity and Mid Europa Partners has acquired Radiokomunikace and a 39.23% stake in T-Mobile Czech Republic from Altima for EUR 1.2bn. ING Bank NV provided a EUR 750m senior and mezzanine debt package, representing the largest debt package to date for a Central European leveraged acquisition.
Deal will be the second add-on acquisition for Danoffice since Agilitas's buyout of the company in November 2017
Bowmark will provide additional funding of £100m to fund the company's add-ons acquisitions
Exit represents an 18x return on Octopus's initial investment and a 9x return on its total investment
Deal follows M&A litigation initiated after coronavirus uncertainty and financing difficulties