Apax Partners and Texas Pacific Group (TPG) today announced the sale of TIM Hellas Telecommunications S.A. the third largest mobile phone carrier in Greece, to Weather Investments, the vehicle owned by telecom tycoon Naguid Sawiris.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company