Royalton Capital Investors, a private equity fund focused on Central and Eastern Europe, has sold 100 per cent of mPunkt Polska to Cyfrowy Polsat, the biggest Polish DTH platform offering pay TV services and mobile telephony and broadband internet access.
Final proceeds were received on 4 August 2010
Since 2002, when Royalton acquired 70 per cent of mPunkt, the company expanded from 38 to 200 points of sale nationwide and became the largest distributor for Polkomtel products as well as a major seller of a full line of other mobile phone products and services.
Nigel P. Williams, managing partner of Royalton, says: “I am pleased to announce that this investment yielded a gross return of 2.2 times invested capital. Royalton wants to congratulate company management and the new owners for shepherding the transaction to a successful closing over many months during the global economic crisis while awaiting Competition Office approval.”
The sale of mPunkt brings the total number of Royalton Capital Investors fund exits to five, for a cumulative return on realised investments to investors of USD222m and 3.2 times money invested.
Dominik Libicki, president of the management board of Cyfrowy Polsat, says: “For Cyfrowy Polsat it is another important step towards execution of our long-term strategy of developing a multi-play services. We believe that experienced mPunkt’s staff will contribute to evolution of our whole sales network and a professional training center it owns will provide regular update of qualifications within the telecommunication area for all our sales representatives.”
Royalton’s successor fund, Royalton Capital Investors II, expects to build on the experience gained with mPunkt while making new investments throughout Central and Eastern Europe.
