EQT said May 23 that it acquired Melita Ltd. Financial terms weren’t announced. Apax Partners and Fortino Capital were the sellers. Melita, a telecommunications infrastructure company, provides Gigabit broadband services for households and small businesses, mobile and fixed telephony as well as TV services.
UPDATE: The Apax involved in the Melita transaction is Apax Partners of Paris (aka Apax France). It is not Apax Partners of London.
- EQT Infrastructure acquires Melita from Apax Partners and Fortino Capital
- Melita owns state of the art converged fixed and mobile telecom infrastructure and is the market leading operator on Malta
- EQT Infrastructure to support growth of Melita by investing in its network and is committed to continue to provide high quality services to current and future customer
STOCKHOLM, May 23, 2019 /PRNewswire/ — EQT Infrastructure IV (“EQT” or “EQT Infrastructure”), has signed an agreement to acquire Melita Limited (“Melita” or the “Company”) from Apax Partners and Fortino Capital
Founded in 1991, Melita is a fully converged and diversified telecommunication infrastructure owner as well as a leading services provider in Malta. Melita services consumers, business and government customers on Malta with mainly four types of products: nationwide Gigabit broadband services for households and small businesses, mobile and fixed telephony as well as TV services. Melita also offers colocation services and operates a purpose-built data centre. Melita will continue to operate under the leadership of CEO Harald Rösch, a longstanding Industrial Advisor to EQT.
EQT Infrastructure intends to support Melita’s growth by further upgrading its fixed and mobile networks and opening an additional data centre location on Malta. It will also support Melita’s internationalization strategy including its expansion in Italy as well as its innovative IoT connectivity proposition.
Ulrich Köllensperger, Partner at EQT Partners and Investment Advisor to EQT Infrastructure IV, comments: “EQT has been built on a passion for developing companies. We invest in good companies across the globe with the aim of turning them not only into great companies but also sustainable ones. This is exactly the formula we aim to apply to Melita, which is already an innovator in the Maltese market and beyond in terms of infrastructure, products and customer service. As a result, we are confident that the coming months and years will be exciting and rewarding both for Melita’s employees and for its customers.”
Harald Rösch, CEO of Melita, said: “This transaction is another proof of our success over the last years, built on the hard work from all employees and support from our owners. Thanks to our customers’ continued loyalty and increased trust we have positioned Melita as a telecom market leader in Malta in terms of innovation, technology and customer satisfaction. With the backing of EQT Infrastructure and their extensive experience in our industry, we will continue the journey by developing our networks and providing outstanding customer experience in the years to come. Melita is ideally positioned to grow in the Maltese telecom market and beyond.”
The parties have agreed not to disclose financial details of the transaction. The proposed transaction is subject to customary regulatory approvals.
Clifford Chance and Ganado Advocates acted as legal advisors to EQT Infrastructure.