Stek acts on first Estonian leveraged buyout and delisting

A consortium of financial investors led by Bancroft Private Equity LLP signed an agreement to acquire a majority stake in AS Starman. Starman is listed in on the Tallin Stock Exchange. It is active in the media, cable tv and telecommunications industry in the Baltics. The consortium includes, amongst others, Askembla Growth Fund. Bancroft is an international private equity firm based in London investing in Central Eastern Europe. Askembla is a private equity firm focusing on investments in growth companies in Central and Eastern Europe.