Apax Partners, Fortino Capital complete acquisition of Malta’s Melita

23 Feb 2016

Apax Partners of France and Belgium’s Fortino Capital have completed the previously announced acquisition of Melita, the Maltese telecoms company has confirmed. As previously reported by TeleGeography’s CommsUpdate, 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 the new investors, for the buy-out of the full service telco.

The acquisition represents the second deal that Apax has completed so far in 2016; in January the Paris-based private equity firm sealed the dual acquisition of Portuguese telecoms firms Cabovisao and Oni Communications, from Netherlands-based Altice Group.

Malta, Apax Partners, Melita