Swiss private equity fund in talks for ACT takeover

13 May 2021

A Swiss private equity fund, Partners Group, is reportedly negotiating with the owners of Indian ISP Atria Convergence Technologies (ACT) regarding a potential takeover, the Economic Times writes, citing people aware of the development. According to the unnamed sources, Partners Group is looking to buy out True North and TA Associates, which own a combined 95% stake in ACT, with the sellers said to be valuing the company at between INR103 billion and INR120 billion (USD1.40 billion and USD1.63 billion). As noted by TeleGeography’s GlobalComms Database, fibre-based ISP ACT is India’s fourth-largest ISP by subscribers with 1.78 million subscribers at end-December 2020.

India, Atria Convergence Technologies (ACT)