Polaris Invest and Com Holding have sold a significant minority stake in Cgates to Livonia Partners
Polaris Invest and Com Holding have sold a significant minority stake in Cgates to Livonia Partners. Financial details have not been disclosed.
Vilnius-based Cgates provides cable and digital television, fixed telephony and fiber-optic broadband internet to more than 270,000 subscribers in 18 cities.
Livonia Partners is an investment team based in the Baltics. The firm manages LHV Pension Funds (Estonian wealth management arm of the listed Estonian bank LHV) and Ambiend Sound Investments (investment firm of the founding engineers of Skype). The private equity investor will help to support Cgates' growth and to further network and technology upgrades.
Polaris Invest and Com Holding are the founding members of the Estonian cable-operator Starman Group, the previous owner of Cgates.
Oaklins' team in Estonia acted as the exclusive sell-side advisor to Polaris Invest and Com Holding.
Talk to the deal team
Senior AssociateTallinn, Estonia
Permali Gloucester has been acquired by Diamorph (subject to regulatory approval)
Private equity firm 3i Group and the private shareholders of Permali Gloucester Limited have sold their interest in the company to Diamorph.Learn more
BaltCap has sold Labochema to French laboratory supply distributor Dominique Dutscher
BaltCap Lithuania SME Fund has sold its 46% shareholding in Labochema UAB, a Lithuanian laboratory supplies trading company, to Dominique Dutscher. Labochema’s CEO and the chairman also sold their shareholdings. As a result of the transaction, Dominique Dutscher now controls 100% of Labochema.Learn more
Nothelle Group has been acquired by Perpetua
The private shareholder of Nothelle Group, a German provider of innovative customer contact services, has sold a majority stake to the Berlin-based financial investor Perpetua Holding GmbH.Learn more