Delta Partners participates in acquisition of Orasinvest

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 $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 seven countries - Egypt, Algeria, Tunisia, Pakistan, Bangladesh, UAE, and Saudi Arabia. OrasInvest is expected to end 2008 with revenues in excess of $175m.

Javier Alvarez, partner at Delta Partners, said:

"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."

"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.