Mid Europa Partners Completes the Aster Exit
16.9.2011
Mid Europa Partners announces that it completed its exit from ASTER, a leading provider of media and telecommunication services in Poland. The sale of Aster to UPC Polska Sp. z o.o., an affiliate of Liberty Global, Inc was first announced on 6 December 2010. The transaction was subject to regulatory approval, which was received this month. Mid Europa working with its co-investment partners and the Management team acquired 100% of the share capital of Aster in 2006.
Matthew Strassberg who has been responsible for Aster through its full investment cycle commented: “We are pleased to have closed this transaction on substantially the same terms as agreed to last December. We believe this outcome validates the unique strategic position of the asset and the tremendous value created by the well-aligned Management team, with whom we have worked closely for many years.”
John Arciszewski, Aster’s CEO and a key minority investor, commented: “We believe that going forward, the combination of the skills and talents of the two organizations coupled with the unparalleled resources of Liberty Global will support the continued improvements in the delivery of the best-in-class services to our subscribers.”
For further information please contact:
Mid Europa Partners:
Matthew Strassberg, Partner
Tel +44 (0) 20 7886 3600
Aster
John Arciszewski, CEO
Tel +48 22 411 5003
Citigate:
David Westover/Agnès Riousse
+44 (0) 20 7638 9571
Notes to the editors:
ABOUT MID EUROPA PARTNERS
Mid Europa Partners is a leading independent private equity firm focused on Central and Eastern Europe. Operating from London, Budapest and Warsaw, Mid Europa Partners advises and manages funds with asset value of approximately €3.2 billion. The Mid Europa Partners team has been investing in Central and Eastern Europe since 1999.