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PRINT THIS PAGE Mid Europa Partners acquires Serbian cable TV firm SBB27/06/2007. Source: AltAssets. 
 Mid Europa Partners has completed the acquisition of a controlling stake in Serbia Broadband from SEEF I, managed by Bedminster Capital Management. SEEF II, also managed by Bedminster, is investing alongside Mid Europa. SBB is a cable TV and broadband internet player in Serbia and a provider of satellite TV services across the territory of the former Yugoslavia.
Robert Knorr, who led the transaction for Mid Europa, said, 'We are delighted to have acquired such a high growth and market leading asset. This deal, which was executed by Michelle Capiod and Andrej Babace, represents the first leveraged buy-out in Serbia and demonstrates our ability to implement complex transactions in new markets. Mid Europa is intimately familiar with the markets of the former Yugoslavia, having previously invested in Slovenia and Croatia. We plan to leverage on our track record and established relationships in the cable TV sector and look forward to supporting SBB's strong management team through significant capital investment and know-how.'
Mid Europa Partners is a private equity firm investing in Central and Eastern Europe. Operating from London, Budapest and Warsaw, Mid Europa Partners advises and manages funds with committed capital in excess of €1.1bn. The firm has made investments in sixteen companies located in twelve countries of Central and Eastern Europe. Current investments include Pilkington Russia, Wheelabrator and Aster, Calucem, Radiokomunikace and T-Mobile Czech Republic and Bité.
SBB is a Serbian cable TV company, generating an annual revenue growth rate of 60 per cent across the past two years.
Mid Europa Partners is the investment manager to Emerging Europe Convergence Fund II, whose fund manager and general partner is EMP Europe Management LP.
Copyright © 2007 AltAssets
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