|[December 05, 2012]
TA Associates Partners with SpeedCast Ltd to Complete Buyout of Australian Satellite Communications
BOSTON & HONG KONG --(Business Wire)--
TA Associates, a leading global growth private equity firm, has
partnered with SpeedCast (News - Alert) Ltd, a Hong Kong-based global network and
satellite communications service provider, to complete the acquisition
of Australian Satellite Communications Pty Ltd (ASC (News - Alert)), a leading
satellite communications service provider in Australia. TA completed a
buyout of SpeedCast in September 2012.
ASC provides satellite-based communications solutions throughout
Australia and surrounding regions. The company focuses on customers in
the mining and oil & gas industries, as well as the construction,
government and maritime sectors. Founded in 1985, ASC is headquartered
in Adelaide, Australia, where it owns and operates its primary teleport
and runs sales and support centers.
ASC has established itself as the leading privately-owned satellite
service provider in Australia, with a diverse group of customers ranging
from oil & gas majors, to key federal and state government customers, to
large multinational miners. ASC is renowned for its engineering
expertise, quality of services and field engineering support.
"ASC is an ideal, highly complementary partner for SpeedCast," said
Edward F. Sippel, Managing Principal - Asia Pacific, TA Associates Asia
Pacific Ltd. "ASC's founders, Chris and Kathy Joseland, have done a
superb job growing the company by providing customers with high quality,
mission-critical services, often in very remote and challenging
locations. We are thrilled to join with ASC and its outstanding
management team in this transaction." Ed Sippel and Michael S. Berk, a
Managing Director at TA Associates, represent TA Associates on the Board
of Directors of SpeedCast.
"As a profitale and rapidly growing company, ASC is an ideal fit with
SpeedCast's global growth strategy," said Pierre-Jean Beylier, CEO,
SpeedCast Ltd. "SpeedCast is executing on its strategy of organic and
acquisitive growth. With the acquisition of ASC, SpeedCast consolidates
its leadership position in Asia and extends its penetration into the
important Australian market, particularly for the oil & gas and mining
TA's buyout of SpeedCast was the firm's eighth investment in Asia. It
followed five investments in India and two recent investments in
companies operating in China - Forgame Tech Co., Ltd and Aicent, Inc.
These investments have spanned industries from telecommunications and
technology to healthcare to mining services, and have been both minority
investments and buyouts in growth companies.
About TA Associates
Founded in 1968, TA Associates is one of the largest and most
experienced middle-market growth private equity firms. The firm has
invested in over 400 companies globally and has raised $18 billion in
capital. With offices in Boston, Menlo Park, London, Mumbai and Hong
Kong, TA Associates leads buyouts and minority recapitalizations of
profitable growth companies in the healthcare, technology, financial
services, business services and consumer industries. More information
about TA Associates can be found at www.ta.com.
About SpeedCast Ltd
SpeedCast Ltd is a leading global network and satellite communications
service provider offering high-quality managed networks services in over
30 countries throughout Asia, the Middle East and Africa. With 8
international sales & support offices and 16 teleport operations,
SpeedCast boasts a unique infrastructure to serve corporate and
carriers' requirements globally. SpeedCast has distinguished itself with
a strong operational expertise and a highly efficient support
organization, which are the foundation of SpeedCast's success. For more
information, visit www.speedcast.com.
About Australian Satellite Communications Pty Ltd
Australian Satellite Communications (ASC) provides a wide range of
satellite communications solutions throughout Australia and surrounding
regions. Since its establishment in 1985, ASC has steadily grown to
become recognized in the industry as a leading satellite communications
service provider, system integrator and supplier of satellite
communications equipment in Australia. ASC provides total satellite
communications solutions, focusing on the mining and oil & gas
industries, as well as markets such as construction, government,
maritime, education, emergency services, agriculture and entertainment.
More information about ASC can be found at www.ascs.com.au.
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