Paris, 2 Novembre, 2006 – Funds advised by Apax Partners France, together with Altamir and Amboise Investissement, have just closed the acquisition of 100% of the shares of France Telecom Mobile Satellite CommunicationsSA (FTMSC).
FTMSC is one of the world's largest mobile satellite communications providers, marketing and distributing communications solutions for customers based in areas with limited access to terrestrial telecoms infrastructure. This deal will enable FTMSC to consolidate its leading position on the international mobile satellite communications market.
The transaction was financed with senior and mezzanine debt arranged by Barclays Capital.
About France Telecom Mobile SatelliteCommunications
FTMSC's service operator strategy is based on long-term partnerships with all leading mobile satellite communications operators (Inmarsat, Thuraya, Iridium etc.). FTMSC combines their maritime and land mobile services with airtime, hardware, in-house developed applications and customised solutions, offering one of the most complete portfolios on the market.
In 2005, FTMSC posted revenues of 201 million dollars. With an overall market share of approximately 20%, it is one of the world's leading provider of Inmarsat, Thuraya and Iridium communications solutions and serves more than 100 000 customers through its global distribution network.
About Altamir and Amboise Investissement
Altamir and Amboise Investissement are two listed companies which were created by Apax Partners respectively in December 1995 and at the end of March 2006. Both are designed to co-invest and disinvest with the private equity investment funds managed by Apax Partners France.
Altamir and Amboise Investissement leverage Apax Partners ' know how and investment strategy, which involves backing fast-growing companies, at all stages of investment (LBO, growth capital, venture capital), across its global sectors of IT & Telecoms, Media, Healthcare, Retail & Consumer and Business & Financial Services.
Altamir is a SCR (Société de Capital Risque ) listed on the Euronext Paris Eurolist market, Compartment C, Ticker: LTA, ISIN: FR0000053837.
For further information: www.altamir.fr
Amboise Investissement is a SCR (S ociété de Capital Risque ) listed on the Euronext Paris Eurolist market, Compartment C, Ticker: AMB, ISIN: FR0010307348.
For further information: www.amboise-investissement.fr
For further information, please contact:
Apax Partners SA – Marketing Department
Tel: + 33 (0)1 53 65 01 35
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