Delta Joins OrasInvest Acquisition

ABU DHABI - Delta Partners, a specialised telecommunications private equity firm operating in high growth markets, worked with ADIC MENA Partners in negotiating the OrasInvest deal, announced in November.

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Published: Wed 24 Dec 2008, 12:41 AM

Last updated: Sun 5 Apr 2015, 11:28 AM

ADIC MENA Partners, the lead partner in the investment group, is a private equity fund advised by ADIC PE Management LLC, a subsidiary of the Abu Dhabi Investment Company.

ADIC MENA Partners also announced that the acquisition of OrasInvest from Orascom Telecom Holding SAE had closed as planned with the payment of the first tranche of $90 million.

OrasInvest, a telecommunications support company focusing on mobile telecommunication tower construction, is expected to end 2008 with revenues in excess of $175 million.

haseebhaider@khaleejtimes.com

Published: Wed 24 Dec 2008, 12:41 AM

Last updated: Sun 5 Apr 2015, 11:28 AM

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