The sale of Aster to UPC Polska Sp. z o.o., an affiliate of Liberty Global, Inc was first announced on 6 December 2010. The transaction was subject to regulatory approval, which was received this month. Mid Europa working with its co-investment partners and the Management team acquired 100% of the share capital of Aster in 2006.
Matthew Strassberg who has been responsible for Aster through its full investment cycle commented: “We are pleased to have closed this transaction on substantially the same terms as agreed to last December. We believe this outcome validates the unique strategic position of the asset and the tremendous value created by the well-aligned Management team, with whom we have worked closely for many years.”
John Arciszewski, Aster’s CEO and a key minority investor, says: “We believe that going forward, the combination of the skills and talents of the two organizations coupled with the unparalleled resources of Liberty Global will support the continued improvements in the delivery of the best-in-class services to our subscribers.”
