Emerging Venture Ltd announces plans to sell off Multimedia Polska
Venture capital fund Emerging Ventures Limited (EVL) has announced plans to sell its wholly controlled company, Multimedia Polska, which runs the second largest domestic cable television company. "Negotiations are still at in the infant stages. The Initial estimated value of the company is $130 million," says an anonymous informer quoted by Puls Biznesu. The offer for the sale has been sent to Advent, Enterprise Investors and AIG controlled funds. However the most serious candidate for the purchase is the U.S.-based fund, Hicks Muse Tate & Furst (HMT&F), which last year purchased Aster City from Elektrim. "This is information which appeared on the market. I cannot disclose whether negotiations are currently in progress," said a representative of one of the potential investors. If Multimedia Polska will be taken over by the American fund, the purchase will lead to a serious consolidation in the industry, as a merge of Multimedia and Aster City would become a serious competitor to current market leader UPC. (Puls Biznesu, p. 8) A.K.Venture capital fund Emerging Ventures Limited (EVL) has announced plans to sell its wholly controlled company, Multimedia Polska, which runs the second largest domestic cable television company. "Negotiations are still at in the infant stages. The Initial estimated value of the company is $130 million," says an anonymous informer quoted by Puls Biznesu. The offer for the sale has been sent to Advent, Enterprise Investors and AIG controlled funds. However the most serious candidate for the purchase is the U.S.-based fund, Hicks Muse Tate & Furst (HMT&F), which last year purchased Aster City from Elektrim. "This is information which appeared on the market. I cannot disclose whether negotiations are currently in progress," said a representative of one of the potential investors. If Multimedia Polska will be taken over by the American fund, the purchase will lead to a serious consolidation in the industry, as a merge of Multimedia and Aster City would become a serious competitor to current market leader UPC. (Puls Biznesu, p. 8) A.K.
