Mid Europa Partners to invest over EUR650 million in CEE
"We have devoted around half of the expenditures in the region to Poland, which means that we can spend on acquisitions here up to EUR330 million," said Matthew Strassberg, director at MEP. The fund specialises in large transactions and therefore it can be concluded that the sum will be spent on acquiring one or two companies. "We do not specialise in any specific sectors. We are interested in big, well managed companies with a positive cash flow. The transaction could take place next year," added Strassberg. The fund might be closely watching the cable TV market, after its acquisition of Aster City last week for zl.1.6 billion. Company representatives say that the short term goals are to develop triple play services, which means connecting cable television, the phone and internet, and digital TV in the three cities where Aster City operates. (Puls Biznesu, pp. 1, 5) A.K.
