Mid Europa Partners (www.mideuropa.com) made the announcement on July 15. The company has an operating capital reported at €3.2 billion. It has been investing in Central Europe since 1999. It has offices in Warsaw, Budapest, and London.The company also has cable investments in Czech Republic and Poland.
In a statement, Robert Knorr, Partner of Mid Europa, said: "The completion of the acquisition of UPC Slovenia secures a high quality asset in a defensive sector in a Euro country, in what is the first leveraged buy-out transaction in Central and Eastern Europe since Q4 2008".
UPC Slovenia operates broadband and analogue and digital cable, providing service to 40% of Slovenian pay TV homes. Dragan Solak, head of SBB (the leading Serbian pay TV and broadband provider, acquired by Mid Europa in 2007) will become chairman UPC Slovenia.