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  5. Foursan Group Invests In Batelco Jordan

Investment Summary

Foursan Group Invests In Batelco Jordan

On October 1, 2001, private equity firm Foursan Group invested in internet software and services company Batelco Jordan

Investment Highlights
  • This is Foursan Group’s 1st transaction in the Internet Software and Services sector.
  • This is Foursan Group’s 1st transaction in Jordan.
Investment Fate
  • Batelco Jordan was sold to a strategic buyer in 2008.

Investment Summary
Date 2001-10-01
Target Batelco Jordan
Sector Internet Software and Services
Investor(s) Foursan Group
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

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 1 of 18
Sector: Internet Software and Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 7
Country: Jordan M&A 1 of 14
Year: 2001 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-09 XPress Telecommunication Co.

Jordan

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

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