WSJ: Permira Buys Majority of Asia Broadcast Satellite

Permira has bought Asia Broadcast Satellite Ltd.’s holding company from Citigroup Inc.’s Citi Venture Capital International and private equity firm ADM Capital, the Wall Street Journal reported.

The report valued the transaction at more than $200 million.

ABS hosts more than 175 TV channels in the Asia-Pacific region. The company supplies bandwidth connectivity to broadcasting and telecom customers, serving over 80 customers in around 30 countries.

Permira acquired the stake from CVCI and ADM Capital, which had bought the share in 2006, the WSJ said.