VLTAVA-LABE-PRESS has been acquired by Penta Investments
November 2015 — Verlagsgruppe Passau GmbH (VGP) has sold VLTAVA-LABE-PRESS (VLP) to Penta Investments. Financial details have not been disclosed.
VLP is a leading Czech media group that specializes in publishing (Deník daily, Astrosat magazines) online, printing and distribution (Česká distribuční). Deník, daily with regional content and nationwide coverage, is one of the top 3 Czech dailies in terms of circulation and number of readers, having the highest subscription rate and number of unique readers. Astrosat Media is the biggest magazine publisher in the Czech Republic.
Penta Investments is a Central European investment group founded in 1994, specializing in long-term value investing. The group actively develops companies and projects primarily in healthcare, financial services, retail, manufacturing, media and real estate. Penta is one of the largest employers in the region and provides jobs to more than 37,000 people. It is is active on more than ten markets throughout Europe and has offices in Prague, Bratislava, Warsaw and Munich. The group owns assets valued at over US$7 billion and focuses on business opportunities where its professional abilities can be leveraged.
VGP is one of Europe's largest publishers of regional daily newspapers, with operations in Germany (Passauer Neue Presse GmbH) and Poland (Polska Press S.p.z.o.o). Every week, VGP reaches more than nine million readers with a print-run totaling 4.9 million.
Our role in the transaction
Oaklins' team in the Czech Republic advised the seller in this transaction. The team created a very competitive environment and finally led intensive price negotiations with Penta Investments and CNC. After achieving premium valuation which exceeded the price expectations of the client, the transaction was successfully closed.
Talk to the deal team
Related deals
Comtax has been acquired by Ryan
Comtax, a São Paulo-based tax technology consultancy specializing in tax determination and digital tax compliance, had been acquired by Ryan, the world’s largest firm dedicated exclusively to business taxes. The transaction marks Ryan’s entry into the Brazilian market, adding a specialized team and an established base of large corporate clients in Brazil, one of the world’s most complex tax environments, at a time when the country’s consumption tax reform is set to reshape how companies calculate and report indirect taxes. For Comtax, the acquisition brings access to Ryan’s global platform, technology and client network across more than 80 countries, creating opportunities to scale its tax determination and compliance offering beyond its current footprint. Comtax’s founders will continue to lead the business.
Learn moreCibus has acquired Aweta from Standard Investment
Standard Investment has reached an agreement with Cibus Capital, advisor to the Cibus funds, on the sale of Aweta, a global leader in fruit and vegetable sorting, grading and packing equipment. Completion of the transaction is expected in the coming weeks. The transaction provides Aweta with a strong partner to support the company’s next growth phase. Under Cibus’ ownership, Aweta will pursue further international growth and accelerate investment in R&D, supporting the installed base and product innovation, including software and AI capabilities. Aweta’s leadership team will continue to lead the business.
Learn moreGroGlass has been acquired by Apogee Enterprises
Apogee Enterprises, Inc. (Nasdaq: APOG), a leading US provider of architectural building products, services and high-performance coated materials, has acquired GroGlass, a Latvia-based developer and manufacturer of high-performance anti-reflective and UV-protective glass coatings. The acquisition brings GroGlass’ differentiated coating technologies and materials science expertise into Apogee’s performance surfaces segment, broadening its product offering and market reach while expanding its manufacturing and R&D presence in Europe.
Learn more