Novator Partners

Novator Partners LLP is an English private corporation, specialising in telecommunications, pharmaceuticals and financial services. In addition, Novator operates a Private Equity Fund and a Credit Opportunities Fund. The company is based in London and led by Björgólfur Thor Björgólfsson from Iceland.

Owners

The owner or owners of Novator are hiding behind a web of companies which includes companies in places such as Cyprus, Cayman Islands, Delaware, Gibraltar, Tortola (British Virgin Islands), and Luxembourg.^[1]

Investigations published in Denmark suggest that the underlying companies are linked to Russian companies.^[2]

Assets

In a few years, Bjorgolfsson acquired substantial assets in Central and Southern Eastern Europe.^[3]

The communications sector acquisitions of the Icelandic businessmen included:

• In 2003 Novator acquired a 70% stake in Czech telecoms company České Radiokomunikace for £120m. It owns 39.23% of the shares in T-Mobile Czech Republic a.s. (one of the two largest mobile operators in the Czech Republic). Novator sold the stake three years later for £942m.^[3][4]
• Novator acquired the largest single stake in Finnish telecom company Elisa in 2005 for around £100m. The stake was sold in 2007 for £311m.^[3][4]
• Novator acquired a controlling stake in Finnish telecom Saunalahti.^[3]
• Novator acquired a 65% stake in Bulgarian Telecommunications Company for an undisclosed sum. In 2007 the stake was sold for £855m.^[3][4]
• Novator acquired a large stake in Polish telecom P4.^[3]
• Novator acquired a large stake in Polish telecom Netia in 2006.^[5] Netia has the second-largest fixed-line network in Poland. Netia and Novator announced that they are going to build a 4th mobile network in Poland.^[6]
• Novator acquired a large stake in Forthnet, a Greek Internet service provider (ISP).
• Exista acquired 100% of Síminn (Iceland Telecom).
• In 2015 Novator acquired 100% of WOM (Nextel Chile) in Chile.

Financial sector acquisitions included:

• An 18.27% stake in the Economic & Investment Bank (EIBank) in Bulgaria, which was previously 100% owned Bulgarian Prime Minister Boyko Borisov's domestic partner Tsvetelina Borislavova.^[7]

Other acquisitions included:

• In 2007 Novator bought out other shareholders in Actavis, an Icelandic pharmaceutical company.
  • Actavis acquired the New Jersey-based generic drug company Amide Pharmaceutical for US$500 million in 2005.
  • Actavis acquired Indian research company Lotus Laboratories

Novator acquired a 10.4% stake in Finland's telecommunications company Elisa Oyj in 2005 through a share swap when Elisa bought the smaller operator Saunalahti, which had been mostly owned by Novator. Novator tried to revamp Elisa in December 2007, but was opposed by Finnish institutions such as Varma Mutual Pension Insurance Company. On 13 October 2008, during the Icelandic financial crisis, it was announced that Novator had sold its entire stake in Elisa to Varma for 194 million euros (US$266 million), a price of €11.20/share.^[8]

References

External links

• Official website

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