Citi Venture Capital International to Invest USD25 million in SkyVision Holdings Limited
The investment will be made through a wholly owned subsidiary of the Citigroup Venture Capital International Africa Fund L.P (CVCIAF), a private equity fund advised by Citi Venture Capital International.
SkyVision is a leading provider of global IP services over satellite and terrestrial fibre optic systems for enterprise, ISP and carrier class customers in emerging markets. The company has coverage over 120 countries and currently operates in more than 50 countries around the world with sales in 2009 estimated to exceed USD 80 million. SkyVision is a leader in its field in Africa where it services the largest and most respected telcos, mobile operators, corporations and public sector customers. In the past five years, the company has achieved growth rates of approximately 50% per year.
The company is controlled by Cyphertech and Shamrock, the investment arm of the Roy E. Disney family. Pursuant to the investment, Cyphertech and Shamrock will hold approximately 30% each, CVCIAF will hold approximately 23%, and the remainder will be held principally by management and employees.
Shamrock Holdings President Stanley Gold said today that the investment by CVCI is a sign of confidence in SkyVision. “We are very pleased that the fund has decided to invest in SkyVision and we are sure that the partnership with CVCI will assist our company in maintaining its high growth rates.”
Sunil Nair, Managing Director and Head, Central/Eastern Europe, Middle East & Africa, Citi Venture Capital International, noted that investment demonstrates CVCI's commitment to supporting and further strengthening companies with a proven record of success in Africa. “Africa needs reliable Internet and data connectivity to generate economic growth; in this respect we are delighted to partner with SkyVision, a leader in its field, with a strong management, like-minded partners and excellent growth prospects.”
About SkyVision
SkyVision is a leading global player in the field of end-to-end IP connectivity. Its services are offered across several continents, with an emphasis on developing regions and are delivered to a range of customers, embracing global corporations, government entities, telcos, GSM/CDMA mobile operators, NGOs, ISPs and local enterprises. From its day of establishment in 2000, SkyVision has generated significant growth rate in both revenues and customer-base and currently provides solutions to customers in more than 50 countries. SkyVision‘s focus is on innovative global connectivity services in emerging markets .The company offers an extensive suite of services, from design and installation to 24/7/365 front line support. SkyVision’s powered global network, consisting of leading satellite platforms and a network of fiber optic cables connecting its teleports in Europe, USA and the Middle East.
About Citi Venture Capital International
Citi Venture Capital International (“CVCI”), a business unit of Citi Alternative Investments, is a leading private equity investor and investment adviser in developing markets. With more than forty investment professionals and offices in London, New York, Hong Kong, New Delhi, Mumbai and Tokyo, private equity funds advised by CVCI manage over US$7 billion in investments and committed capital. Since 2001, private equity funds advised by CVCI have made investments in Asia, Africa, Central and Eastern Europe and Latin America. CVCI's investment professionals have extensive experience in private equity investing and investment advisory with industry expertise that includes IT services, business services outsourcing, retailing, pharmaceuticals, telecommunications, renewable energy, and financial services.
About Shamrock
Shamrock is the privately owned investment company of the Roy E. Disney family. Shamrock has more than 30 years of investing in private equity worldwide. The Group manages over $2 billion, primarily in late-stage transactions; direct equity and growth equity, positions in publicly traded companies, privatizations and spinoffs. The Shamrock Group team has more than 30 professionals in five dedicated funds.
SkyVision 개요
SkyVision은 위성 서비스 플랫폼과 고용량 광섬유 연결을 결합한 솔루션을 제공함으로써 신흥시장에 IP 정보통신 서비스를 제공하는 세계 선두업체이다. SkyVision은 유럽, 북미 및 중동의 자체 게이트웨이를 통하여 맞춤형 단대단 솔루션과 업계 표준 서비스뿐만 아니라 글로벌 인터넷 근간망에 대한 접속으로 IP 연결을 제공한다. 100여 개 국가에 걸친 연결 네트워크로, SkyVision 의 솔루션은 활발한 현지 존재와 지원으로 전세계 망을 결합하고 있다. SkyVision 의 고객에는 현재의 정보통신, ISP, 이동전화 사업자, 글로벌 및 현지 기업, 정부 기관 및 NGO 등이 포함된다.
웹사이트: http://www.sky-vision.net
연락처
Miss Mally Axelrod, Shamrock
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SkyVision Contacts:
Dana Aroch
Marketing Communication Manager
+44 (20) 8387 1750
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Website: www.sky-vision.net
CVCI Contacts:
Adam Castellani
+44 (20) 7986-5608
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2010년 3월 18일 18:33
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2010년 3월 18일 18:32