Paris (France), 22 February 2016: Melita’s Board of Directors announces that the necessary regulatory approvals for a change in the Group’s shareholders were received and that the new shareholders – Apax Partners (France) and Fortino Capital (Belgium) – have now completed the acquisition of Melita.
As announced on 8 December 2015, an agreement was reached between Melita’s previous shareholders (GMT Communications Partners, MC Venture Partners, Blackrock Communications and the Gasan Group) and international investors Apax Partners (France) and Fortino Capital (Belgium) for the acquisition of the company.
Apax Partners and Fortino Capital together bring more than 30 years of experience in the Technology, Media and Telecom (TMT) sector, alongside companies like Numericable Belgium & Luxembourg, Cabovisão and ONI, Outremer Telecom, Telenet, and Primacom. They will provide Melita strategic support, as well as the human and financial resources necessary, to enable the Group to grow in both B2C and B2B businesses.
The company’s management team had welcomed the announcement of new shareholders and described it as recognition of Melita’s consistent growth throughout the past years, based on a clear strategy of delivering customer value through convergence.
Over recent years Melita completed key infrastructure investments that have been recognised by the European Commission and enabled Malta to place at the top of the European charts for next generation broadband coverage. These investments include nationwide 3G mobile network, laying of a submarine cable connecting Malta to mainland Europe, nationwide deployment of next generation broadband with speeds up to 250Mbps, construction of a state-of-the-art data centre for co-location and hosting services, as well as the roll-out of melita WIFI – the next-generation Wi-Fi service providing seamless superfast connectivity across Malta and Gozo. Melita also continues to invest in dedicated Fibre connectivity to businesses across all Malta and Gozo.
Melita is the leading converged telecommunications operator in Malta, with 99% of Malta’s households and dwellings passed and more than 110,000 unique subscribers. It offers pay-TV, broadband, fixed telephony, mobile and B2B services to customers.
About Apax Partners
Apax Partners is a leading private equity firm in French-speaking European countries. With more than 40 years of experience, Apax Partners provides long-term equity financing to build and strengthen world-class companies. Funds managed and advised by Apax Partners exceed €2.4 billion. These funds invest in fast-growing middle-market companies across four sectors of specialisation. Current portfolio companies include:
TMT: Altran, Cabovisão and ONI, Gfi Informatique, Melita, and Vocalcom
Retail & Consumer: ALAIN AFFLELOU, Europe Snacks, Groupe Royer and THOM Europe (Histoire d’Or, Marc Orian and TrésOr)
Healthcare: Amplitude Surgical, Capio and Unilabs
Business & Financial Services: Groupe INSEEC, SK FireSafety and TEXA
About Fortino Capital
Fortino Capital is a Brussels-based investment company, co-founded by Duco Sickinghe, Renaat Berckmoes and Baudouin Jolly, which focuses on private equity and venture capital. Combining strong management backgrounds, extensive global networks and leading success in innovation, Fortino Capital supports the management of its portfolio companies from a strategic, operational and commercial perspective.