AXA Private Equity and Resource Partners jointly invest in SIA Baltkom TV
2011 - 04 - 25
On 13 April 2011 AXA Private Equity, the leading European diversified private equity firm, and Resource Partners, one of Poland’s major private equity advisers, have announced joint acquisition of a majority stake in SIA Baltkom TV, Latvia’s largest cable television operator, offering pay-TV, internet and telephony services in Riga and in other Latvian cities.
AXA Private Equity is a leading private equity firm with US$25 billion in managed assets and a global reach extending across Europe, North America and Asia.
Resource Partners as a private equity group manages over 158 million EUR invested in Central and Eastern Europe. It is supported by blue chip limited partners, including AXA Private Equity, EBRD, EIF and Rabobank.
Acquisition of stake in SIA Baltkom TV represents the first joint investment by AXA Private Equity and Resource Partners, who entered into a strategic partnership in May 2010.
COBALT acted as legal advisors for AXA Private Equity and Resource Partners in this transaction.