CMS has advised China CEE Investment Co-operation Fund and CEE Equity Partners on their acquisition of 99.9% of Magyar Telecom B.V.’s holdings in the Invitel Group, including INVITEL Távközlési Zrt., INVITEL Központi Szolgáltatások Zrt., Invitech Megoldások Zrt. and Invitel Technocom Kft.
Invitel Group has an enterprise value of €202 million, and focuses on residential fiber developments and converged B2B IT-telco solutions. The transaction is estimated to complete in the second half of February, upon Competition Authority approval.
The CMS team assisting CEE Equity Partners and the China CEE-Fund was led by Anikó Kircsi, Partner, Head of Corporate/M&A and included Gábor Gelencsér, Senior Counsel from the corporate team. On the competition side the team was supported by Dóra Petrányi, Partner, Head of Competition and Szabolcs Szendrő, Senior Associate.