MTG's Baltic businesses acquired by Providence Equity Partners
Providence Equity Partners, a leading global asset management firm, that is the owner of Bite, the Lithuanian and Latvian mobile operator, has entered into an agreement to acquire MTG’s free-TV, pay-TV, digital and radio businesses in the Baltics.
The transaction values 100% of the business at an enterprise value of EUR 115 million.
Closing is subject to regulatory approvals.
Superia Corporate Finance together with Summa Advisers acted as financial advisers to Providence Equity Partners in the transaction.
Link to formal press release: https://www.mtg.com/press-releases/mtg-sells-baltic-broadcasting-businesses