Sandler Capital Management

If the sale of the Bulgarian mobile-phone company to Telekom Austria goes through as agreed, its private equity backers stand to make a gain of €160m less than 18 months after the original investment.

Innova Capital, the Warsaw-based private equity firm focused on Central Europe, has recruited Andrzej Bartos as a managing director.

ABM Amro Capital, Citigroup Investments and Communication Venture Partners are the lead sponsors of the €1.2bn cash takeover of Bulgaria’s MobilTel Holding that closed last week.