Alinda Capital Partners, a US-based infrastructure investment firm, has agreed to buy Emitel, a Polish television and radio broadcast infrastructure provider.
Alinda is buying the company from London-based Montagu Private Equity, which first invested in the business in 2011. Financial terms of the transaction were not disclosed but reports have suggested the deal could be worth around €840 million. A spokesperson for the US fund manager declined to comment.
Emitel, which broadcasts television and radio signals across Poland, including the state-owned TV and radio channels, owns 377 towers. It is also using its network of towers to grow its telecommunications infrastructure business.
“We have been impressed by Emitel’s growth and results to date, are excited by the prospects for further growth,” Alinda managing partner Chris Beale said.
Headquartered in Greenwich, Connecticut, Alinda Capital Partners has more than $7.8 billion in equity commitments to infrastructure investments. From its offices in Houston, London, and Düsseldorf, the firm has invested in infrastructure businesses in the US, Canada, the UK, Germany, the Netherlands, Austria, Belgium, and Luxembourg.
Founded in 1968, Montagu Private Equity has over €4 billion in assets under management. Currently, it focuses exclusively on management buyouts in European markets, with transaction values ranging from €100 million to €1 billion.