Mid Europa Partners Closes Falcoln Group Stake Purchase

Mid Europa Partners, a Central and Eastern European private equity firm, has closed its purchase of an additional stake in Falcon Group. The stake, which now totals 74.6%, was purchased from Lehman Brothers.

Press Release:

Mid Europa Partners has successfully completed the acquisition of an additional stake in Falcon Group as previously announced on 3 October 2008. The stake has been acquired from their consortium partner Lehman Brothers, taking their ownership in the Group to 74.6%, Falcon Group owns 100% of Ceske Radiokomunikace (“CRa”) and 39.2% of T-Mobile Czech Republic (“TMCZ”), which it acquired in November 2006.

CRa is the leading national provider of analogue and digital TV and radio broadcast transmission services and a leading alternative provider of telecommunications services in the Czech Republic.

TMCZ is the market leader in mobile telecommunications services in the Czech Republic with approximately 5.4 million subscribers, representing c. 40% market share of subscribers and is one of the few major CEE mobile assets not wholly-owned by a major operator.

Mid Europa Partners is the largest 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 of approximately €3 billion. The Mid Europa Partners team has been investing in Central and Eastern Europe since 1999.

Mid Europa Partners has made investments in twenty-three companies located in fourteen countries of Central and Eastern Europe.

Mid Europa Partners employs an active, hands-on investment approach and applies the sector knowledge and operating experience of its people to deliver long-term value creation together with the management teams of portfolio companies.