Home / Emerging Europe M&A Report 2019/2020 / Slovakia
Emerging Europe M&A Report 2019/2020
  1. Features
    1. Emerging Europe remains a magnet for international investors
    2. Emerging Europe economic outlook: Growth to stay well ahead of EU average
    3. Start-ups and corporates unite in search of unicorns
    4. Online shopping drives investment into CEE logistics
    5. Taking business to a new level
    6. Reforms put Ukraine on brink of historic transformation
    7. Forward-thinking firms shape up for the future
    8. No turning back the tide of South Korean investment
    9. Asian investors turn their spotlight on emerging Europe
  2. Albania
  3. Bosnia and Herzegovina
  4. Bulgaria
  5. Croatia
  6. Czech Republic
  7. Hungary
  8. Montenegro
  9. Poland
  10. Romania
  11. Russia
  12. Serbia
  13. Slovakia
  14. Slovenia
  15. Turkey
  16. Ukraine

Slovakia

As a result of some regional deals with substantial Slovak aspects, the country’s deal value surged to the highest level in four years. But it would be unfair to put the success of the market down to just that; plenty of quality assets have been coming to market, and with 59 deals Slovakia set itself a new record in terms of the overall deal count.

Slovakia follows the regional trend in the most prominent M&A sectors in 2019: real estate & construction is the most active and telecoms & IT has overtaken manufacturing.

Deals were executed by a varied mix of international investors, confirming the current attractiveness of the market.

Volume and number of deals

SLOVAKIA graph

Top five deals

Media

 

#1

Target: Central European Media Enterprises (CME) assets in Slovakia
Sector: Media & Publishing
Stake: 100%
Buyer: PPF Group
Country of buyer: Czech Republic
Deal Value: EUR 283,6m*
Value Source: 1

*Deal value estimate based on CME’s 2018 revenues attributable to Slovakia.

Telecoms

 

#2

Target: M7 Group operations in Slovakia
Sector: Telecoms & IT
Stake: 100%
Buyer: Vivendi
Country of buyer: France
Deal Value: EUR 166,7m*
Value Source: 1

*Deal value estimate based on the number of customers in Slovakia out of the total customers in CEE/SEE.

Manufacturing

 

#3

Target: OSRAM Licht operations in Slovakia
Sector: Manufacturing
Stake: 100%
Buyer: Bain Capital; The Carlyle Group
Country of buyer: United States
Deal Value: EUR 145m*
Value Source: 1

*Deal value estimate based on the target’s EV/Revenues multiple of 1.0x and the reported revenues of the Slovak operation.

Real estate

 

#4

Target: Twin City Tower
Sector: Real Estate & Construction
Stake: 100%
Buyer: Valesco Group; AIP Asset Management; Mirae Asset Daewoo Securities; NH Investment & Securities
Country of buyer: South Korea; United Kingdom
Deal Value: EUR 120m
Value Source: 1

Real estate

 

#5

Target: Trencin industrial park
Sector: Real Estate & Construction
Stake: 100%
Buyer: Redside Investicni Spolecnost
Country of buyer: Czech Republic
Deal Value: EUR 89,5m
Value Source: 1

Value Source:

  1. Official data
  2. Market estimate provided by EMIS and based on publicly available information
  3. EMIS estimate

Top three sectors

Food

Manufacturing:
36 deals
Telecoms

Telecoms & IT:
30 deals
Energy

Energy & Utilities:
17 deals

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Key contacts

Contact
Peter Šimo
Peter Šimo
Of Counsel
Attorney-at-Law
T +421 2 3214 1414

Expertise

Corporate/M&A