Central and Eastern European investors Mid Europa Partners and GMT Communications Partners are to raise €118m through the partial sale of Hungarian telco Invitel back to management. The investors will each sell 14.2% of the company, leaving Mid Europa and GMT with two thirds of the company’s shares (33.3% each). The investors originally acquired the company in May 2003.
Parent company Reiff Group said in a statement that the sale is part of its ongoing realignment plan
Neil Bennett, previously of Beacon Rail Leasing, will be appointed executive chairman of the company
Healthtech-focused VC sees oppprtunities in the developing European market, managing director Christian Weiß tells Unquote
Paul Keen, previously CFO of ETC Venues, will join the board as a non-executive director