The deal represents the largest Western private equity investment in Ukraine.
Providence Equity Partners, the world’s leading media and communications private equity firm, agreed to invest over US$200 million in Volia Cable, the leading Ukrainian cable TV and Internet access provider. Volia’s network includes over 900,000 homes passed in four cities within Ukraine. Volia Cable is controlled by a private equity fund managed by SigmaBleyzer.
Jonathan M. Nelson, CEO of Providence, says:“This is our seventh significant investment in this sector in Europe and our second in Eastern Europe, which is experiencing increasing demand for sophisticated television and broadband services. We continue to believe that quality cable and broadcasting companies like Volia are critical service providers with significant opportunities for growth and value creation.”
Goldman Sachs International and UBS Investment Bank acted as financial advisors to SigmaBleyzer. Lazard acted as financial advisor to Providence.
For more details, please see the press release.