Mid Europa Partners acquires Serbian cable TV company SBB

Mid Europa Partners acquired a controlling stake in Serbia Broadband from SEEF I, managed by Bedminster Capital Management. SBB is one of the fastest growing Cable TV operators in Europe, generating an annual growth rate of 60% over the past two years.

SBB (www.sbb.co.yu)
SBB is the leading cable TV and broadband internet player in Serbia and a rapidly growing provider of satellite TV (DTH) services on the territory of the former Yugoslavia. SBB has close to half a million subscribers across its three service platforms. SBB has a leading cable TV and Internet position in the Serbian capital Belgrade and a very strong presence across the country.

Mid Europa Partners (www.mideuropa.com)
Mid Europa Partners is a leading private equity firm in Central and Eastern Europe. Operating from London, Budapest and Warsaw, Mid Europa Partners advises and manages funds with committed capital in excess of € 2.2 billion.

Mid Europa Partners seeks to take controlling stakes in its investments, either on its own or working alongside other financial or strategic partners. The Company invests € 25 million to € 200 million in companies with enterprise values ranging from € 100 million to € 1.5 billion that are cash-flow generative and have dominant market positions in sectors with high barriers to entry.

Mid Europa Partners is the investment manager to Emerging Europe Convergence Fund II L.P., whose fund manager and general partner is EMP Europe Management (CI), L.P.