News

AS Baltcom, the leading independent cable TV and internet service provider in Latvia, sold to Bite Group by Ardian and Resource Partners

We are pleased to announce that Superia acted as sole financial adviser to funds managed by Ardian and Resource Partners in the sale of 100% shareholding in Baltcom, the leading independent Internet service provider and cable TV operator in Latvia, to Bite Latvija, a wholly owned subsidiary of Bite Group, the leading Baltic telecommunication company owned by Providence Equity Partners.

Driven by the strong market position of Baltcom and the ongoing fixed-to-mobile convergence, the transaction attracted considerable interest by trade buyers and regional private equity investors, enabling our clients a successful exit.

For further information please contact:

 

Lauris Balga, Partner, lauris.balga@superia.lv

Šarūnas Skyrius, Partner, sarunas.skyrius@superia.lt