DELTA PARTNERS PARTICIPATES IN ACQUISITION OF ORASINVEST

 

Abu Dhabi, UAE

 

December 21, 2008

 

ADIC MENA Partners LP and Delta Partners BSC today announced that Delta Partners has formalized its participation in the investment group that acquired OrasInvest from Orascom Telecom Holding SAE, in a leveraged buyout worth $180 million.

 

Delta Partners, a specialized telecommunications private equity firm operating in high growth markets, worked with ADIC MENA Partners in negotiating the OrasInvest deal, announced in November. 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 US$90m.

 

OrasInvest, a telecommunications support company focusing on mobile telecommunication tower construction as well as other corporate services such as inventory management, packaging, delivery and collection, is headquartered in Cairo, Egypt and has operations in sevencountries - Egypt, Algeria, Tunisia, Pakistan, Bangladesh, UAE, and Saudi Arabia. OrasInvest is expected to end 2008 with revenues in excess of US$ 175 million.

 

"OrasInvest provides a tremendous platform for growth in Africa, the Middle East and the Indian subcontinent. We expect the company to become a leading service provider in these regions. It has a strong management team, a robust record of profitable growth, and it offers significant opportunities for investors," said Javier Alvarez, partner at Delta Partners. "Reflecting our strategy of active operational support, we expect to play a critical role through active Board representation, support in business development, and day-to-day management support," added Alvarez.

 

 

For further information, please contact:
Sweety Darwish
Abu Dhabi Investment Company Corporate Communications
Tel +971 2 6296451
Fax +971 2 6655835
Email: s.darwish@adic.ae

 

 

About ADIC MENA Partners LP Fund

 

ADIC MENA Partners LP fund, a $500 million buy-out fund launched by the Abu Dhabi Investment Company’s Private Equity division, focuses on purchasing majority stakes in companies located throughout the Middle East and North Africa region, as well as Pakistan and Turkey.

 

 

About Abu Dhabi Investment Company (ADIC)

 

Abu Dhabi Investment Company (ADIC), the first investment company to be established in the United Arab Emirates, is one of the leading financial services firms in the region. Established by Emiri Decree on February 24, 1977, and owned by Abu Dhabi Investment Council, ADIC offers institutional investors attractive growth opportunities in the MENA region across four strategic areas: Asset Management, Private Equity, Real Estate, and Infrastructure. For more information about ADIC, please visit www.adic.ae

 

 

About Delta Partners

 

Delta Partners, is a leading integrated management advisory and investment firm specialized in the telecommunications, media and technology (TMT) sector in high growth markets. With more than 130 professionals operating across the Middle East and Africa from its offices in Dubai and Johannesburg, Delta Partners provides services through its three highly synergistic business lines: Advisory, Private Equity and Corporate Finance. These services are supported by Delta Partners’ Intelligence Unit, which through research, allows the Company to be at the cutting edge of industry trends and developments. For more information about Delta Partners please visit www.deltapartnersgroup.com

 

 

 

About Orascom Telecom

 

Orascom Telecom is a leading international telecommunications company operating GSM networks in six high growth markets in the Middle East, Africa and South Asia, having a total population under license of approximately 440 million with an average mobile telephony penetration of approximately 44% as of June 30th, 2008. Orascom Telecom operates GSM networks in Algeria ("OTA"), Pakistan ("Mobilink"), Egypt ("Mobinil"), Tunisia ("Tunisiana"), Bangladesh ("Banglalink"), Zimbabwe ("Telecel Zimbabwe"), and has acquired in early 2008 a license to operate mobile services in North Korea. Orascom Telecom had over 77 million subscribers as of June 30th, 2008.

 

Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the symbol (ORTE.CA, ORAT EY), and on the London Stock Exchange its GDR is traded under the symbol (ORTEq.L, OTLD LI). For more information, please visit www.orascomtelecom.com.