Australian investment firm Macquarie is set to buy Slovak broadcast infrastructure group Towercom for an undisclosed sum.
It has agreed to acquire 100% of the privately-owned company, thought to have initially been valued at around €200m (US$268m),…
Australian investment firm Macquarie is set to buy Slovak broadcast infrastructure group Towercom for an undisclosed sum.
It has agreed to acquire 100% of the privately-owned company, thought to have initially been valued at around €200m (US$268m), through its Macquarie European Infrastructure Fund 4 (MEIF4).
The fund closed in April 2013 with €2.7bn (US$3.62bn) in total commitments and its acquisitions to date include gas distribution networks in Germany and the Czech Republic.
Jiri Zrust, managing director for Macquarie Infrastructure and Real Assets in EMEA, said it was drawn to Towercom because it is a successful business that benefits from operating in a stable, fast-growing economy.
“It has strong client relationships supported by ongoing contracts to service these clients,” he said in an email to TelecomFinance.
“As such it is a stable and predictable business, which is what the investors in MEIF 4 are looking for.”
Towercom, which was owned by Hampden Investments, is Slovakia’s largest television network provider and supplies radio, terrestrial and satellite TV services across the country with 685 towers.
Rothschild is understood to have run the sale and information memorandums were sent to potentially interested parties in March. Those parties included US-based investor Alinda Capital Partners, Czech towerco České Radiokomunikace, as well as Slovakia’s regional infrastructure funds.
