CMS Cameron McKenna LLP is pleased to announce that it has successfully advised a consortium led by Bancroft Private Equity Gmbh & Co. KG on its sale to East Capital Explorer of a majority stake in Starman, the leading cable TV, broadband internet and voice cable services provider in Estonia. East Capital Explorer will acquire a majority stake in the company based on a total enterprise value of EUR 107m, with the remaining stake being held by Starman’s founders.

The transaction, which was led by Graham Conlon and Anela Musat, members of the firm's international private equity team, signed yesterday, but is subject to approval from the Estonian competition authorities. It is expected that completion will occur during the second quarter of 2013.

Graham Conlon, Co-Head of International Private Equity at CMS Cameron McKenna LLP said "This was a high profile transaction in Estonia (and the region more generally) which further cements our reputation and market-leading private equity practice in Central and Eastern Europe and beyond."

CMS Cameron McKenna LLP acted as international counsel on the transaction, with Raidla Lejins & Norcous acting on an all Estonian-law aspects.

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