Mid Europa Partners exits Lithuanian telecom services provider, Bité Finance International BV
Mid Europa Partners, the leading private equity firm in Central and Eastern Europe and Turkey, has announced that it has completed the sale of BitéFinance International BV (“Bite” or the “Group“) to funds affiliated with Providence Equity Partners.
The transaction was announced on the 24th December 2015.
Bite controls a leading mobile operator in the Baltic countries (#2 in Lithuania and #3 in Latvia) that is focused on meeting growing demand in the region for a high quality network experience and providing excellent customer service. The Group offers a wide range of mobile services, internet access and data services for business and residential customers through its nationwide coverage.
ABOUT MID EUROPA PARTNERS
Mid Europa Partners is a leading independent private equity firm focused on the growth markets of Central and Eastern Europe and Turkey. Operating from London, Budapest, Warsaw and Istanbul, Mid Europa Partners has raised and managed funds of approximately €4.3 billion.
Mid Europa has a pan-regional approach, acquires market leading companies, principally in domestic-focused growth industries, and since inception in 1999, has completed 33 investments across 18 countries in the region.
For additional information on Mid Europa Partners please visit: www.mideuropa.com
Source: Mid Europa Press Release