22_Silknet JSC

Technology • Media • Telecom
Corporate Finance, Buyside Advisor
March 2018
Client Profile
Silknet is a subsidiary of the Silk Road Group (SRG). Founded in 1997 by George Ramishvili, SRG is one of the leading private investment groups in the Caucasus and Central Asian regions, with business interests spanning the transportation, real estate, hospitality, and telecommunications sectors. Today, SRG employs around 5,000 people in the Republic of Georgia (Georgia) and has facilitated investments of around US$500 million into the Georgian economy over the last ten years
Houlihan Lokey’s Role
Houlihan Lokey’s joint M&A and Capital Markets team acted as the sole financial advisor to Silknet in the context of the transaction and the arrangement of acquisition financing. Both Dentons Georgia LLC and White & Case LLP served as legal advisors to Silknet
Transaction Snapshot
Silknet has acquired Geocell LLC from Telia Company (STO:TELIA) and Turkcell Iletism Hizmetleri A.S. (NYSE:TKC, IST:TCELL). The acquisition—which values Geocell’s enterprise value at US$153 million—will be financed with US$120 million of debt facilities and equity. The new debt facilities will be held by a consortium of relationship and regional banks led by TBC Bank and will sit alongside Silknet’s existing indebtedness. The transaction was announced on 26 January 2018
Deal size: $153m