Investment group DRFG business woman David Rusňák is negotiating the sale of its telecommunications company Suntel. For example, it builds transmitters for mobile operators in several European markets. The value of the company can climb over one billion crowns.
“We received an offer for basically our entire telecommunications division in Suntel Group from a really important investment bank that is heavily involved in telecommunications. We have been in intensive contact with them for many months, they are doing very careful due diligence (in-depth management audit – editor’s note),” said David Rusňák in an interview with SZ Byznys.
“The valuation of this transaction is very, very interesting. But for now I don’t want to be more specific at the moment, neither in terms of numbers, nor which bank it is, that would be unfair to them,” added the businessman.
Nevertheless, Rusňák indicated the expected value of the transaction. “We are talking about a valuation exceeding eight times EBITDA,” he added.
The EBITDA indicator is profit before interest, taxes and depreciation. Last year, Suntel had this profit indicator in the amount of 140 million crowns. This year it should be 200 million. This would mean valuing the company at 1.1 and 1.6 billion crowns respectively.
“Of course, we want to possibly exit for this year’s results,” noted Rusňák.
Suntel operates in four markets. In addition to the Czech Republic, there are also Germany, Switzerland, Austria and Slovakia. The founder of the company is Roman Řezníček, who currently holds 44 percent of the entire DRFG group and has also been its CEO since last year.
Other companies are also involved in the construction of telecommunication networks in the Czech Republic. These include, for example, the company Com Plus CZ or the company Vegacom from the Eltodo group.
Tags: Czech company builds networks operators large investment bank interested
