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
Picture of Peter Simo
Peter Šimo
Of Counsel
Attorney-at-Law
Petra Corba Stark
Petra Čorba Stark
Partner
Head of Corporate/M&A