New transaction: Acquisition of Unity Systems and Unity Internet
Unitcom Eesti acquired Unity Internet and Unity Systems
Unitcom Eesti, a special purpose vehicle (SPV) owned by a group of Estonian private investors, acquired Unity Internet, a wireless broadband access provider, and Unity Systems, an enterprise IT infrastructure services provider.
| Seller | Buyer |
| Majority owner Herty Tammo (through T-Ventures AS, HT management OÜ) | Unitcom Eesti OÜ |
Keystone advised the owners of Unitcom Eesti OÜ in the process of acquisition of Estonian firms Unity Systems and Unity Internet.
Unity Internet is a wireless broadband access services provider with ca 40% country coverage, incl. capital Tallinn and the surrounding Harju county. Established in 2004, the company has focused primarily on private and business customers outside the network coverage of large telecoms. Unity Systems has been offering IT infrastructure maintenance and development services as well as IT hardware and software sales to business clients in Northern Estonia since 1998. Among other engagements, Unity Systems provides technical maintenance also to the electronic ticket system of Tallinn public transport.
Net revenue of the acquired companies in 2013 amounted to EUR 1.37m and EBITDA EUR 0.23m. The transaction price is kept undisclosed. The transaction was advised by investment bank Keystone Advisers, law firm Everheds Ots & Co, and financial advisory Grant Thornton Rimess. Transaction financing was provided by Swedbank Estonia.
For more information, please read the press release or contact us:
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TÕNIS KONS+3725015640 |
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14.01.2015, Tallinn |
PRESS RELEASEUnitcom Eesti, a special purpose vehicle (SPV) owned by a group of Estonian private investors, acquired Unity Internet, a wireless broadband access provider, and Unity Systems, an enterprise IT infrastructure services provider. With the transaction that reached closing on January 13, a group of Estonian private investors with telecom, IT and cable television background acquired 100 percent shareholdings in Unity Internet and Unity Systems. Both companies were controlled by Herty Tammo, a serial entrepreneur with interests in various startups and industrial businesses. Management as minority shareholders rolled their equity over to the acquiring company. Unity Internet is a wireless broadband access services provider with ca 40% country coverage, incl. capital Tallinn and the surrounding Harju county. Established in 2004, the company has focused primarily on private and business customers outside the network coverage of large telecoms. Unity Systems has been offering IT infrastructure maintenance and development services as well as IT hardware and software sales to business clients in Northern Estonia since 1998. Among other engagements, Unity Systems provides technical maintenance also to the electronic ticket system of Tallinn public transport. Net revenue of the acquired companies in 2013 amounted to EUR 1.37m and EBITDA EUR 0.23m. The transaction price is kept undisclosed. The transaction was advised by investment bank Keystone Advisers, law firm Everheds Ots & Co, and financial advisory Grant Thornton Rimess. Transaction financing was provided by Swedbank Estonia. Additional information: Peep Põldsamm, Unitcom Eesti / Keystone Advisers
Herty Tammo, T-Ventures AS / OÜ HT Management |
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