Mayer Brown advises Azini Capital on the sale of Starhome BV
10 August 2012
London - Leading global law firm Mayer Brown has advised private equity fund managers Azini Capital on the sale of international wireless service mobility solutions provider Starhome BV. Azini Capital, with co-investors Comverse Technology Inc, Gemini Israeli Ventures and other minority stakeholders, sold Starhome BV to funds managed by Israeli private equity firm Fortissimo Capital for $80.3m.
The transaction is expected to close in October 2012.
Mayer Brown advised Azini Capital when it originally acquired its interest in Starhome from Apax Partners in October 2010 as part of an acquisition of a portfolio of 18 investments.
David Bates, Corporate partner, who led the Mayer Brown team, said: "This is an excellent result for Azini Capital and we are delighted to have assisted in the realisation of this investment having been involved in Azini's original acquisition as part of its successful secondary investment strategy."
Starhome is a provider of wireless service mobility solutions that enhance international roaming. Wireless operators use Starhome's software-based solutions to generate additional revenue and to improve profitability by directing international roaming traffic to preferred networks and by providing a wide range of services to subscribers travelling outside their home network.
Israeli law firm Naschitz, Brandes & Co. provided Israeli law advice to the vendors and Curtis, Mallet-Prevost, Colt & Mosle LLP (New York) advised Comverse Technology Inc.