UK - Atlantic Bridge Ventures leads £265m acquisition of telecom products business

Atlantic Bridge Ventures has led a consortium of private equity buyers in the acquisition of LogicaCMG's Telecoms Products business for a cash consideration of £265m. Telecom Products, to be renamed Acision, is a provider of converged mobile messaging solutions for text and multimedia messaging for 300 customers, who serve over 1 billion consumers worldwide. The Reading-based company employs approximately 1,700 people across 22 countries and in 2005 generated EBITDA of £23m on revenues of £254.7m.