Melita's Transition: EQT Sells Maltese Infrastructure Giant to Goldman Sachs
Deal News | Nov 22, 2024 | EQT
EQT Infrastructure IV fund has agreed to sell Melita, a leading digital infrastructure owner and operator in Malta, to Goldman Sachs Alternatives. Under EQT's ownership since 2019, Melita has invested substantially in its network and customer experience, becoming the sole operator in Malta offering both nationwide Gigabit fixed and 5G mobile services. The company has expanded internationally in the IoT sector and enhanced its sustainability efforts, leading to a positive transformation across its operations. The transaction, advised by UBS, Milbank, and Camilleri Preziosi, is now pending regulatory approvals.
Sectors
- Digital Infrastructure
- Telecommunications
- Internet of Things (IoT)
Geography
- Malta – Melita is a key digital infrastructure provider in Malta, offering nationwide services.
- European Union – Melita's operations and network deployments position it as a significant entity within the EU telecommunications market.
Industry
- Digital Infrastructure – The article discusses Melita, a digital infrastructure owner and operator, which provides broadband and 5G services across Malta.
- Telecommunications – Melita operates nationwide Gigabit broadband and 5G networks, positioning itself as a leader in telecommunication services in Malta.
- Internet of Things (IoT) – Melita is involved in the IoT sector, expanding its services to become a significant player with a pan-European reach.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQT | Seller | Company | A global investment organization handling the sale of Melita, which it previously acquired in 2019. |
| Melita | Target | Company | A leading digital infrastructure and telecommunications company in Malta. |
| Goldman Sachs Alternatives | Buyer | Company | The investment division of Goldman Sachs involved in acquiring Melita. |
| UBS | Financial Advisor | Company | Provided financial advisory services to EQT for the transaction. |
| Milbank | Legal Advisor | Company | One of the legal advisors to EQT for the sale of Melita. |
| Camilleri Preziosi | Legal Advisor | Company | A Maltese law firm that provided legal advice to EQT in the transaction. |
| Ulrich Kllensperger | EQT Partner | Person | A partner at EQT involved in the Melita transaction. |
| Harald Rsch | CEO | Person | The CEO of Melita, overseeing the company's operations and strategic progress. |