Private equity firm Aton Capital Partners, which invested $30 million in Russian broadband telecom operator NetByNet just over a year ago, shall generate a return of some 3x capital invested. NetByNet (NBN) is being acquired by Russian mobile telecom operator Megafon for ca. $360 million, reported newspaper Vedomosti.
Founded in 2006, NetByNet is the 4th largest broadband telecom operator in Moscow. NetByNet also operates in towns of the Moscow region and the Central Federal District of Russia. NetByNet reported 450,000 residential subscribers and 6,000 corporate customers at the end of 2010. NetByNet had revenues of $52 million and EBITDA of $25 million in 2010, according to the newspaper.
In addition to Aton Capital‘s investment, NetByNet raised $25 million from Gazprombank in 2007.
Aton Capital Partners, a growth capital investment division of Aton Capital Group, is headed by Dmitry Bosky.