M&A Deal Summary

Foursan Group Acquires XPress Telecommunication Co.

On January 9, 2003, private equity firm Foursan Group acquired communications company XPress Telecommunication Co.

Acquisition Highlights
  • This is Foursan Group’s 1st transaction in the Communications sector.
  • This is Foursan Group’s 2nd transaction in Jordan.

M&A Deal Summary

Date 2003-01-09
Target XPress Telecommunication Co.
Sector Communications
Buyer(s) Foursan Group
Deal Type Buyout (LBO, MBO, MBI)

Target

XPress Telecommunication Co.

Jordan
XPress Telecommunication is a wireless telecommunication operator that provides cellular phone services.

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Buyer(S) 1

Buyer

Foursan Group

Amman, Jordan

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Foursan Group is a private equity firm focused on opportunities in the Middle East. Foursan has launched multiple growth capital funds in partnership with leading regional and global investors to invest across a broad range of industries in the financial services, education, pharmaceutical, healthcare, aviation, and food/beverage sectors.


DEAL STATS #
Overall 2 of 18
Sector: Communications M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 4
Country: Jordan M&A 2 of 14
Year: 2003 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 Batelco Jordan

Amman, Jordan

Batelco Jordan operates as an Internet and telecommunication solutions provider. It offers Internet broadband ADSL services, and Web development and hosting solutions, as well as managed data, added value, registered prepaid international calling, WiFi hotspots, and VSAT services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-07 Arab Orient Insurance Co.

Amman, Jordan

Arab Orient Insurance Co. is one of the leading insurance companies in the region and its reputation is synonymous with reliability and quality.

Buy -