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HIG Capital Buys Aircom For $160M

Miami-based private-equity company, HIG Capital, has acquired mobile-phone services provider, Aircom International Group, for $160 million.

Miami-based private-equity company, HIG Capital, has acquired mobile-phone services provider, Aircom International Group, for $160 million, Bloomberg reports, citing The Sunday Times. The seller was Boston-based buyout firm, Advent International.

Barclays and HSBC Holdings provided a joint debt package to Aircom, which has customers in 135 countries. Advent purchased Aircom’s stake in October 2005 from Nokia, adds Automated Trader.

Click here for the story from Bloomberg.

Click here for additional coverage from Automated Trader.

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