Providence Equity to buy 63% of Starman Group
East Capital Explorer AB has agreed to sell its 63 percent stake in Starman Group to Providence Equity Partners. The transaction represents an enterprise value of about 210 million euros ($232.6 million) It will consist of an upfront cash consideration of approximately 81 million euros ($89.7 million) with an additional earn-out of up to 5 million euros payable in 2017. Starman Group is a TV and internet provider in the Baltics.
15 March 2016•5 mins read
