Aricent, a communications equipment maker, has raised an undisclosed amount of equity funding from Delta Partners. The company was acquired last September for $255 million from Flextronics, by KKR, Sequoia Capital, The Family Office and The Canadian Pension Plan Investment Board.
Delta Partners, the leading TMT advisory and investment firm in emerging markets, is proud to announce it has become a shareholder in Aricent.
Aricent is a global innovation, technology and services company focused exclusively on communications. Aricent combines the leading innovation capabilities of frog design with unparalleled domain expertise in communications as a strategic supplier to the world’s foremost infrastructure, application and service providers. The company’s investors include Kohlberg Kravis Roberts & Co., Sequoia Capital, The Family Office and The Canadian Pension Plan Investment Board.
Delta Partners aims to support Aricent to accelerate its positive momentum of engagements with leading infrastructure, application and service providers worldwide, and in the Middle East and African region in particular. “We believe Aricent provides tremendous opportunities for our MENA Telecom Fund. Aricent has a top-notch management team, a strong Board of Directors, a shareholders base including some of the world’s most prominent investors, and a robust record of growth,” said Rogier van Driessche, partner at Delta Partners. “Given that we share a focus on TMT, we expect to play an active role in supporting their business in our region,” added van Driessche.
“The Middle East and Africa regions represent some of the highest growth markets for telecommunications, media and technology in the world,” said Sudip Nandy, chief executive officer at Aricent. “We are very pleased to add Delta Partners as a new investor in Aricent, and look forward to their expertise and support of our business.”
The investment by Delta Partners into Aricent was executed through the Delta Partners MENA Telecom Fund, a private equity fund focused on investing in TMT companies, and it represents the sixth completed by the Fund.
About Delta Partners
Delta Partners is the leading TMT advisory and investment firm in emerging markets. With more than 150 professionals the firm operates across 50 markets in the Middle East, Africa, Eastern Europe and Emerging Asia. Delta Partners provides three synergistic services: management advisory, corporate finance and investments from its offices in the UAE, Bahrain, South Africa, Spain and Singapore. Delta Partners delivers tangible results to its clients and investors through its exclusive sector focus on telecom, media and technology, and a unique approach to services, combining strategic advice and a hands-on pragmatic approach.
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