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New Deal


Announced

4iG to acquire Invitech from CEE Equity.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private Equity

Acquisition

Domestic

Pending

Internet

Friendly

Majority

internet service provider

Hungary

Private

Synopsis

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4iG, an IT service management company, agreed to acquire Invitech, an Internet service provider in Budaörs, Hungary, from CEE Equity, a private equity firm. Financial terms were not disclosed. "Invitech, one of the key players in the Hungarian infocommunications market, is expected to operate not only in the 4iG telecommunications portfolio, but also be a part of a national telecommunications holding company in the future," Gellért Jászai, 4iG President and CEO.

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