Delta Partners Capital Announces the First $100 Million Closing of its
Emerging Markets TMT Growth Fund II
DUBAI, UAE, February 4, 2013
DUBAI, UAE, February 4, 2013 /PRNewswire/ --
Delta Partners Capital is pleased to announce the first closing of Delta
Partners Emerging Markets TMT Growth Fund II (the "Fund") with aggregate
capital commitments of $100 million. First-close investors include the IFC
(World Bank Group), NTT DOCOMO, and a number of leading family offices from
Europe and the Middle East. Delta Partners Group, as sponsor of the Fund, and
its affiliates are making a capital commitment of $20 million to the Fund.
The Fund is a 10-year Cayman-domiciled vehicle advised by a DFSA-regulated
manager, and has a target size of $350 million and a hard cap of $500 million.
The Fund will invest in growth capital and selected buyout opportunities in
the telecoms, media and related technology sectors across Africa, Central &
Eastern Europe, the Middle East, and South-East Asia. It will adhere to
strict environmental, social, and governance standards while providing
investors with the opportunity to participate in one of the most exciting
sectors in some of the world's fastest-growing economies.
Geoffrey D. Fink, Managing Partner and Head of Investments, commented "We are
delighted to have met our first-close target and to have attracted a
world-class group of institutional anchor investors to the Fund. We believe
that given our depth of expertise in TMT and extensive on-the-ground presence
across emerging markets we are uniquely positioned to identify and execute on
attractive opportunities in this dynamic sector, and to provide tangible added
value to our portfolio companies."
The statements contained in this press release are not an offer to sell or a
solicitation of an offer to buy interests in the Fund, whether in the United
States, the United Arab Emirates or in any other jurisdiction. Interests in
the Fund have not been approved by the United States Securities and Exchange
Commission or the Emirates Securities and Commodities Authority and may not be
offered or sold in the United States, the United Arab Emirates or any other
jurisdiction absent registration or an applicable exemption from registration
About Delta Partners
Delta Partners Group is the leading TMT advisory and investment firm in
emerging markets. With more than 180 professionals, the firm operates across
50 markets in the Middle East, Africa, Eastern Europe, Emerging Asia, and
Latin America. Delta Partners provides three synergistic services: management
advisory, corporate finance, and investments from its offices in the UAE,
South Africa, Spain, Singapore and Colombia. Delta Partners delivers tangible
results to its clients and investors through its exclusive sector focus on
telecom, media and technology, and a unique approach that combines a strategic
perspective with a hands-on pragmatic approach. For more information please
go to http://www.deltapartnersgroup.com .
Karen Cordeiro, email: firstname.lastname@example.org telephone: +971566815864
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