The Blackstone Group has invested $178m (Lt 90m), as part of a $575m management buyout and privatisation of Latvian telecom company Lattelecom. The sellers are the Latvian government (51%) and TeliaSonera (49%), the Swedish telecom operator. At the completion of the transaction, Blackstone will own a 51% stake in the company.
DVI Equity Partners, Frontline Ventures and Enterprise Ireland also take part
Newcomer Target Global and existing investor Round Hill Ventures also take part in the round
GP invests €7.3m in the France-based point-of-sale merchandising equipment provider
Azimut appoints Jeffry Brown as CEO of AACP; Brown previously worked at Dyal Capital Partners