One Equity Partners sells Netaş

ZTE will be the largest shareholder with a 48% stake in the listed Turkish company following the deal, according to a statement.

Netaş will remain an independent company, with no change in management announced.

During the GP's tenure, the company grew fourfold and expanded its product and service range both in Turkey and globally.

In October 2010, One Equity Partners and Rhea Girisim, an Istanbul-listed company, acquired a 53% stake in Netaş from Nortel Networks International Finance and Holding. The firms invested $83.7m in the business following the deal.

Company
Established in 1973, Netaş is headquartered in Istanbul. It provides customers with a range of services, including networking, security, cloud computing, broadband access, IT integration services, strategic outsourcing and tailored software solutions.

People
One Equity Partners – Andrew Dunn (managing director).
Netaş – Mujdat Altay (CEO).

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