East Capital Explorer


Finland’s Elisa acquires Estonia’s Starman

Finnish telecom and cable group Elisa is to acquire leading Estonian cable operator Starman for €151 million in cash. Elisa acquired Starman from Polaris Invest and Com Holding immediately following the sale by investment group East Capital Explorer of its 63% stake in the operator to Polaris Invest, hitherto a minority shareholder. Polaris had been […]

East Capital to sell Starman Group to Providence Equity

Nordic investment group East Capital Explorer has struck a deal to sell its entire 63% in pan-Baltic cable operation Starman Group to Providence Equity. The agreement in principle would see East Capital Explorer sell its stake in Starman for an upfront payment of €81 million in cash with the potential of an additional earn-out of […]

Starman drives Baltic consolidation with Cgates’ Kava acquisition

Lithuanian cable operator Cgates has acquired regional operator Kava as part of a strategy by Cgates’ ultimate majority owner, Swedish investment group East Capital Explorer, to create a pan-Baltic cable operation. Kava has about 20,000 customers in Lithuania and passes about 100,000 households with a modern fibre network across the cities of Vilnius, Klaipéda, Šiauliai […]

East Capital Explorer takes Starman stake

Swedish-based investment firm East Capital Explorer has agreed to buy a majority stake in Estonian cable TV, broadband, and phone services provider Starman. East Capital Explorer will invest approximately €24 million to acquire 51% of the company based on a total enterprise value of €107 million, it said. The remaining 49% will be held by […]